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Table of Contents
Executive Summary . l 1
Introduction l 5
Executive Summary
The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2013 Risk Management Compensation Survey. With more
than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to
advancing the practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted
by enetrix, A Division of Gallup, Inc.
The 2013 survey presents compensation data for 11 different positions. While sixteen different positions were listed on the survey document, there was
insufficient data for analysis, or small sample sizes, on 5 of them. The results reflect data submitted by individual risk management professionals working in
over 1,561 organizations in the United States and over 218 organizations in Canada. In total, 2,241 usable surveys were submitted online by RIMS members
and risk management professionals during January and February, 2013.
Approximately fifty-seven point four percent (57.4%) of the U.S. respondents work in organizations with more than $1 Billion in annual revenue. Slightly less
than half work in publicly owned organizations (46.0%), while 29.3% work for private employers. A majority of the survey respondents from the U.S. were
Insurance and Risk Management Directors (n=770), Insurance Management Managers (n=359) and Chief Risk Officers or Vice Presidents-Risk Management or
Vice President-Strategic and Enterprise Risk (n=211). Not surprisingly, the highest-paid risk management position was that of Chief Risk Officer/VP-Risk
Management/VP-Strategic and Enterprise Risk, with an average base salary of US$184,152 and total compensation of US$227,573. The lowest paid risk
management position was that of Claims Analyst, with an average base salary of US$64,184 and total compensation of US$66,295.
For Canadian respondents, approximately 42.6% work in organizations with more than $1 Billion in annual revenue. Unlike the US, only 25.2% work in publicly
owned organizations. And in Canada, 37.4% of respondents work for governmental employers as opposed to 12.0% in the US. A majority of the survey
respondents were Insurance and Risk Management Directors (n=80) or Insurance Management Managers (n=46). The highest- paid risk management position
surveyed was, once again, that of Chief Risk Officer/VP-Risk Management/VP-Strategic and Enterprise Risk, with an average base salary of CDN$173,611 and
total compensation of CDN$205,944. The lowest paid position for which data was available was that of Claims Analyst with an average base salary CDN$60,443
and total compensation of CDN$60,443.
This survey is the seventh conducted by the Risk and Insurance Management Society, Inc. Risk Managers who responded to and completed the survey
received an executive summary, in PDF, at no cost. PDF copies of the complete report may be ordered at www.RIMS.org/Compensation.
2013 Risk and Insurance Management Society, Inc. (RIMS) I-1 Introduction and Executive Summary
2013 Risk Management Compensation Survey
The Risk and Insurance Management Society, Inc. (RIMS) is pleased toExecutive present the results of our 2013 Risk Management Compensation Survey. With more
Summary
than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to
As expected,
advancing thethose in higher
practice of risklevel positions (both
management, in the US discipline
a professional and in Canada) have a greater
that protects physical,percentage of theirand
digital, financial, total cash compensation
human resources. Theat-risk
surveythan
was those in
conducted
more entryAlevel
by enetrix, risk management
Division of Gallup, Inc.positions.
espondents
All Positions - United States
Average Base Salary ($000) Average Total Comp ($000)
Average Base Average Total
Job Title # of Resp. Salary ($000) Comp ($000) $0.0 $50.0 $100.0 $150.0 $200.0 $250.0
$102.1
Manager - Insurance Management 359 $102.1 $111.4 Manager - Insurance Management
$111.4
$84.4
Employee Benefits/Workers Employee Benefits/Workers Compensation Claims Manager
45 $84.4 $88.0
Compensation Claims Manager $88.0
$86.9
Claims Manager 112 $86.9 $94.1 Claims Manager
$94.1
$91.6
Environmental, Health or Safety Environmental, Health or Safety Manager
33 $91.6 $100.5 $100.5
Manager
$76.5
Risk Management Analyst (Enterprise- Risk Management Analyst (Enterprise-Wide)
79 $76.5 $80.2 $80.2
Wide)
$69.6
Risk Management Analyst
Risk Management Analyst 202 $69.6 $72.7 $72.7
$64.2
Claims Analyst
Claims Analyst 15 $64.2 $66.3 $66.3
2013 Risk and Insurance Management Society, Inc. (RIMS) I-2 Introduction and Executive Summary
2013 Risk Management Compensation Survey
The Risk and Insurance Management Society, Inc. (RIMS) is pleased toExecutive
present the results of our 2013 Risk Management Compensation Survey. With more
Summary
than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to
advancing
All the
Positions practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted
- Canada
espondents by enetrix, A Division of Gallup, Inc.
Average Base Salary ($000) Average Total Comp ($000)
Average Base Average Total
Job Title # of Resp. Salary ($000) Comp ($000) $0.0 $50.0 $100.0 $150.0 $200.0 $250.0
$100.3
Manager - Insurance Management 46 $100.3 $106.4 Manager - Insurance Management
$106.4
$84.3
Claims Manager 12 $84.3 $87.5 Claims Manager
$87.5
$84.6
Risk Management Analyst (Enterprise- Risk Management Analyst (Enterprise-Wide)
32 $84.6 $89.9 $89.9
Wide)
$76.3
Risk Management Analyst
Risk Management Analyst 31 $76.3 $79.3 $79.3
$60.4
Claims Analyst
Claims Analyst 7 $60.4 $60.4 $60.4
2013 Risk and Insurance Management Society, Inc. (RIMS) I-3 Introduction and Executive Summary
2013 Risk Management Compensation Survey
The Risk and Insurance Management Society, Inc. (RIMS) is pleased to present the results of our 2013 Risk Management Compensation Survey. With more
than 11,500 individual members representing more than 3,500 organizations in 58 countries, RIMS is a not-for-profit professional society dedicated to
advancing the practice of risk management, a professional discipline that protects physical, digital, financial, and human resources. The survey was conducted
by enetrix, A Division of Gallup, Inc.
This Page Intentionally Blank
2013 Risk and Insurance Management Society, Inc. (RIMS) I-4 Introduction and Executive Summary
2013 Risk Management Compensation Survey
Introduction
The Risk and Insurance Management Society, Inc. is pleased to present the results of the 2013 Risk Management Compensation Survey.
This years survey presents compensation data for 11 jobs reflecting submissions by individual risk management professionals working in over 1,561
organizations in the United States and over 218 organizations in Canada. Data submitted from individuals from each country are reported in the
country specific sections of this report.
More information about the participants is available in Section II (US Participant List), Section III (US Participant Demographics), Section VI
(Canadian Participant List), and Section VII (Canadian Participant Demographics).
When reviewing the survey results, keep in mind that cash compensation is only one piece of an individuals total rewards package, which may also
include benefits and the work experience offered to the employee.
2013 Risk and Insurance Management Society, Inc. (RIMS) I-5 Introduction and Executive Summary
2013 Risk Management Compensation Survey
The Risk and Insurance Management Society, Inc. (RIMS) is a not-for-profit organization dedicated to advancing the practice of risk management, a
professional discipline that protects physical, financial and human resources. Founded in 1950, RIMS represents more than 4,100 industrial, service,
nonprofit, charitable, and governmental entities. The Society serves more than 11,500 risk management professionals around the world.
enetrix is a Division of Gallup, Inc and is a premier provider of online survey services to America's leading associations, as well as to business and
industry.
enetrix currently manages over 2 dozen online salary surveys for various associations in the Accounting, Educational, Electronics, Engineering,
Financial, and Healthcare fields. In addition, the enetrix research team provides survey consultation for dozens of associations and organizations in
the areas of member and employee satisfaction, customer satisfaction, and industry benchmarking.
Our mission is to inspire organizations to make informed decisions. For more information about enetrix, visit www.enetrix.com
2013 Risk and Insurance Management Society, Inc. (RIMS) I-6 Introduction and Executive Summary
2013 Risk Management Compensation Survey
Methodology
The information presented in this report is based on a survey of RIMS Members, conducted in January and February of 2013. RIMS contracted with
enetrix (a survey management firm located in Middleton, WI) to administer the survey on a secure web site and invite members to participate.
A total of 12,062 electronic invitations were sent to RIMS member from the United States and Canada on January 3, 2013. A general link to the
survey site was also posted on the RIMS website for non-members to register and participate in the survey. In total, 2,587 online questionnaires
were completed or partially completed between January and February, 2013. If based solely off the 12,062 member list provided, the number of
completions would equate to a 21.4 percent response rate. All data was submitted online.
Not every participant provided all of the information requested. Respondents were included in the study if they provided sufficient information to
be included in at least one table of the report. Data was eliminated from the survey reports if the respondents compensation data was not
provided, insufficient, or obviously erroneous. In a handful of cases, duplicate responses from the same individual were identified and subsequently
eliminated when calculating any statistics contained in this report. This reduced the sample to 2,241 for this purpose.
Data was not displayed for any line of data where the sample size was less than 5. Only medians and means are shown for any line of data where
the sample size was between 5 and 9 respondents. This approach is consistent with the safe harbor guidelines published by the U.S. Department of
Justice and the U.S. Federal Trade Commission.
All survey responses are held in the strictest confidence and were collected and tabulated by enetrix. As a third party survey provider, enetrix does
not share individual responses with anyone including RIMS employees. To ensure respondent confidentiality, observations based on five or fewer
survey responses are not reported for individual categories. However, all responses are included in the "total" calculations.
In addition, enetrix will not sell, rent, or trade participant name and contact information (or any such information for any person employed by a
participant) to any third party intending to use or distribute such information for marketing-related purposes.
2013 Risk and Insurance Management Society, Inc. (RIMS) I-7 Introduction and Executive Summary
2013 Risk Management Compensation Survey
Data for all pertinent variables should be considered simultaneously when the data is interpretedespecially where the sample size of a subgroup is
extremely small.
Some respondents may have reported incomes considerably higher or lower than those of the remaining individuals in a subgroup. This would
unduly influence the mean for some small subgroups. Therefore, wherever the sample is small and there is a considerable difference between the
average and median in a line of data, greater weight should usually be given to the median than to the average.
Sometimes, the information reported in a line of data may appear to be inconsistent with that of related data lines. In such cases, the relative
sample size of each line of data should be considered. Usually, more confidence should be placed in the line of data having the larger sample size.
However, the rule of reason should govern.
As the definitions imply, one-half of respondents are paid more than the median (50 th Percentile), one-quarter more than the 75th percentile, and
10% more than the 90th percentile. Naturally, regional factors and level of responsibility play a large part in determining an individuals specific
income level. Further, as a matter of policy, many employers deliberately set pay rates above the average to attract and retain the best possible
employees. Therefore, the fact that an individuals salary is above some otherwise appropriate statistic need not be a matter of concern.
2013 Risk and Insurance Management Society, Inc. (RIMS) I-8 Introduction and Executive Summary
2013 Risk Management Compensation Survey
Survey respondents were asked to identify themselves to one of 16 job titles presented on the survey and provide their base salary and short-term
incentives granted to them for the past year. In particular, respondents were asked to provide information related to their:
Scope: This term pertains to a particular segmentation of a set of collected data. The scope factors asked for on the survey instrument and
outlined for display in this report include: organizational characteristics (ownership type, revenue, industry), geographic location of
workplace (e.g., region, state, metro area), level of education, and supervisory responsibility.
Base Salary: The annual, fixed portion of compensation paid to an employee. This is the salary paid to the employee for fulfillment of their
essential functions. Base Salary does not include short-term or long-term incentives, differentials, premiums, overtime, benefits, or any other
type of variable pay.
Short-term Incentives (STI): An award in the form of cash or another item of value that is contingent upon the achievement of individual,
group, or organizational results identified at the beginning of a performance cycle. The short-term performance cycle is normally one-year or
less. Short-term incentives are usually, though not always, cash awards. Short-term incentives are sometimes called bonuses.
Respondents were asked to a select one of the 16 job titles listed on the following pages that closest matched their current job responsibilities.
Job Title Job Description
1. Chief Risk Officer/Vice President - Risk Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives,
Management and initiatives. Responsible for the development and execution of the organizations enterprise risk and risk appetite
frameworks, and related processes to achieve the organizations short- and long-term strategic, financial and
operational goals. Directs the development of the organizations risk practices as an interrelated risk portfolio to create,
capture and protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a
competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk
leader. Possesses a broad-based operational perspective, an intimate knowledge of internal business processes and
understanding of the organizations industry. Adapts well to and initiates change in the organization. Demonstrates
expertise in a variety of the field's concepts, practices, and procedures. Relies on extensive personal leadership skills,
network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of
tasks. Leads and directs the work of others. A wide degree of creativity and latitude is expected. Key traits for the
individual in this position are: highly developed communications, team player, change agent, strategic and creative,
excellent project management skills and the ability to drive performance from all areas within the organization.
Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director
They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified
as the person responsible for all activities relating to risk within the organization.
2013 Risk and Insurance Management Society, Inc. (RIMS) I-9 Introduction and Executive Summary
2013 Risk Management Compensation Survey
Position level/ Reporting Structure: This person may be a liaison for reporting findings and status to senior executives
and/or the organization's board of directors/audit committee. The position typically reports to the Chief Financial
Officer, Chief Risk Officer, or other corporate level officer designee.
3. Director - Strategic Risk Management / Description of Responsibilities: Responsible for the leadership and innovation to collaboratively uncover and highlight
Risk Intelligence strategic risks in support of the strategic planning process. Works in partnership with, but generally does not lead, the
organization's strategy planning process. Has the authority to challenge the assumptions and logic underlying the cross-
functional decisions to enable the decision-makers to more fully plan for uncertainties in achieving the organization's
(Combined into the job Director - mission, goals and objectives. Develops risk management tools, practices, and policies to assess and report strategic,
Enterprise Risk Management emerging and dynamic risks to achieving the strategy and those risks arising from the strategy itself. Oversees or
(ERM)/Strategic Risk Management / monitors deviations from expected outcomes related to key strategic risk management activities of the organization.
Risk Intelligence) Monitors and analyzes strategic risks within the company's business units and reports on these risks to the Board.
Chairs or provides key inputs into the company's enterprise risk or other committee that oversees the enterprise risk
management process and ensures alignment with organization's strategic objectives.
Position level/ Reporting Structure: This person may be a liaison for reporting findings and status to senior executives
and/or the organization's board of directors/executive committee. The position typically reports to the Chief Financial
Officer, Chief Risk Officer, Chief Development Officer or other corporate level officer designee.
2013 Risk and Insurance Management Society, Inc. (RIMS) I - 10 Introduction and Executive Summary
2013 Risk Management Compensation Survey
Position level/ Reporting Structure: This person may be a liaison for reporting findings and status to senior executives
and/or the organization's board of directors/audit committee. The position typically reports to the Chief Financial
Officer, Chief Risk Officer, Treasurer or other corporate level officer designee.
5. Director - IT Risk Management Description of Responsibilities: This is a senior information technology risk management position in an organization, with
authority to make decisions on major IT risk management issues affecting the organization. This person is usually not
the CEO, CFO or COO unless they spend more than 50% of their time directly involved in, and accountable for IT risk
(Combined into the job Director - management activities/issues affecting the organization. Accountable for implementing IT policies, plans and
Business Continuity/Financial/IT Risk procedures, and organizational structures designed to provide reasonable assurance that 1) IT is aligned with the
Management) achievement of business objectives 2) Undesired events are detected, prevented and corrected and 3) IT risks are
managed appropriately.
Position level/ Reporting Structure: Reports findings on IT risk exposures to senior executives, and implements IT risk
controls. Operationally reports to the Chief Technology Officer, or other corporate level officer designee.
6. Director - Insurance and Risk Description of Responsibilities: This is a senior insurance and risk management position in an organization, with
Management authority to make decisions on risk management issues affecting the organization. This person is usually not the CEO,
CFO or COO unless they spend more than 50% of their time directly involved in, and accountable for, risk management
activities/issues affecting the organization. Accountable for protecting the achievement of organizational objectives,
ensuring effective hazard (typically insurable risks) risk management for the organization and supervising, leading
and/or directing key internal risk stakeholders. This person typically is responsible for the process of identifying,
measuring and managing insurable or hazard risks, developing reports and plans, and analyzing risk/insurance problems
and defining and/or overseeing the implementation of the risk solutions that help avoid, transfer or mitigate risks in
order to optimize operations.
Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's
board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the
Chief Financial Officer, Chief Risk Officer, or other corporate level officer designee.
2013 Risk and Insurance Management Society, Inc. (RIMS) I - 11 Introduction and Executive Summary
2013 Risk Management Compensation Survey
Position level/ Reporting Structure: Reports findings on business disruption risk exposures to senior executives, and
implements business continuity risk controls. Operationally reports to the Chief Technology Officer, Chief Risk Officer,
or other corporate level officer designee.
8. Manager - Insurance Management Description of Responsibilities: Responsibilities include directing the purchase of insurance programs, management of
claims and loss control activities, management of relationships with third party service providers including brokers,
insurers, consultants and other administrators, preparing loss analyses and budgets, identifying exposures,
recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring
compliance with insurance procedures and managing safety/risk management manuals.
9. Employee Benefits Manager Description of Responsibilities: Responsible for the direction and management of the organizations employee benefits
program. Develops and administers plans through coordination with professional consultants and technical experts in
the legal, medical, actuarial, accounting, financial, economics, labor relations, and communications disciplines. The
benefits program administration includes designing and financing the plans, controlling costs, communicating benefits
to employees, and keeping abreast of government legislation affecting employee benefit plans.
10. Claims Manager Description of Responsibilities: Mitigates an organizations exposure to risk by formulating, developing, and coordinating
all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer
techniques. Directs a program to ensure the proper and efficient handling of claims, gathering data on claims for both
record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post
loss reduction techniques such as salvage, subrogation and rehabilitation.
2013 Risk and Insurance Management Society, Inc. (RIMS) I - 12 Introduction and Executive Summary
2013 Risk Management Compensation Survey
12. Environmental, Health or Safety Description of Responsibilities: Formulates, develops, and coordinates safety and loss control functions of the
Manager organization. Designs and directs a program to reduce accidents, occupational illnesses, and exposure to long-term
health hazards through safety-training of supervisors and managers, planned inspections, skill training, first-aid care,
emergency preparedness, proper job instruction, new employee indoctrination, physical protection, planned job
observation, rules and practices, job analysis/procedures, disposal procedures, and protective equipment. Maintains
compliance with governmental regulatory agencies. Responsible for identifying causes of past accidents for taking
corrective measures.
13. Risk Management Analyst Description of Responsibilities: Supports the risk manager regarding all aspects of the enterprise-wide risk management
(Enterprise-Wide) program. Responsibilities include facilitating the identification of risks throughout the organization, developing,
reporting and monitoring formats on risk management issues and developing methodologies for the assessment of risks
throughout the organization.
14. Risk Management Analyst (Financial Description of Responsibilities: Supports the risk manager regarding all aspects of a financial risk management program.
Risk - Commodity, Credit, Interest Responsibilities include the development, implementation and application of risk metrics and methodologies and the
monitoring, analysis and reporting of financial risk exposures. Supports organizational compliance with risk policies
Rates, and/or Foreign Currency) through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy
exceptions to risk committee.
(Combined into the job Risk
Management Analyst)
15. Risk Management Analyst Description of Responsibilities: Supports department manager regarding all aspects of corporate insurance programs.
(Insurance) Responsibilities include compilation of underwriting information and coverage placement, claims administration, loss
forecasting, and analysis to assist in loss reduction.
Because of low sample sizes for several jobs, data was combined for the following job titles:
Director - Enterprise Risk Management (ERM) Director - Enterprise Risk Management (ERM)/Strategic Risk
Director - Strategic Risk Management / Risk Intelligence Management / Risk Intelligence
Risk Management Analyst (Financial Risk - Commodity, Credit, Interest Risk Management Analyst
Rates, and/or Foreign Currency)
Risk Management Analyst (Insurance)
2013 Risk and Insurance Management Society, Inc. (RIMS) I - 14 Introduction and Executive Summary
2013 Risk Management Compensation Survey
Definition of Terms
This survey report contains a considerable amount of compensation data. We are including these summary definitions to help explain and further
assist in interpretation of that data.
25th Percentile: The end of the first quartile of a data array in which the data are ranked from lowest to highest. 25% of the data are less than the
25th Percentile, and 75% of the data are greater than this number. Percentiles are organization based.
50th Percentile (Median): The midpoint of a data array in which the data are ranked from lowest to highest. 50% of the data are less than the 50th
Percentile and 50% of the data are greater than this number. The 50th Percentile is also known as the Median. Percentiles are organization based.
75th Percentile: The end of the third quartile of a data array in which the data are ranked from lowest to highest. 75% of the data are less than the
75th Percentile and 25% of the data are greater than this number. Percentiles are organization based.
Average (Mean): The sum of all values of a data set divided by the number of values in that set.
Base Salary: The annual, fixed portion of compensation paid to an employee. This is the salary paid to the employee for fulfillment of their essential
functions. Base Salary does not include short-term or long-term incentives, differentials, premiums, overtime, benefits, or any other type of variable
pay.
Industry: A basic category of business activity. The term industry is sometimes used to describe a very precise business activity (e.g.
semiconductors) or a more generic business activity (e.g. consumer durables). If a company participates in multiple business activities, it is usually
considered to be in the industry in which most of its revenues are derived.
Metro Area: This displays either the Combined Statistical Area (CSA) cut or the Core Based Statistical Area (CBSA), whichever cut was available for
display. The CSA is a combination of adjoining local metro areas, forming a larger collective urban area. The CBSA is a US Census Bureau standard
urban area of at least 10,000 people. If a CSA was not available for a particular cut, the CBSA standard was utilized and vice versa.
Number of Respondents (# of Resp): The total number of individual respondents for which data is being reported.
2013 Risk and Insurance Management Society, Inc. (RIMS) I - 15 Introduction and Executive Summary
2013 Risk Management Compensation Survey
Definition of Terms
(continued)
Ownership: The type of ownership or tax-status of the organization. This includes Publicly Traded, Private, Not-for-Profit, & Government.
Region: The grouping or combination of states into defined regional areas throughout the United States. For this report, states were grouped into
the following regions:
North East -- Connecticut, Maine, Massachusetts, New York, New Jersey, New Hampshire, Rhode Island, Vermont
Mid Atlantic -- Delaware, Kentucky, Maryland, North Carolina, Pennsylvania, Virginia, Washington DC, West Virginia
South East -- Alabama, Florida, Georgia, Louisiana, Mississippi, South Carolina, Tennessee
Mississippi Valley -- Arkansas, Minnesota, Illinois, Indiana, Iowa, Michigan, Missouri, Ohio, Wisconsin
Mountain -- Colorado, Kansas, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas, Utah, Wyoming
Western -- Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Washington
Revenue: Proceeds generated by a company from sale of goods or services or from donations.
Scope: This term pertains to a particular segmentation of a set of collected data. The scope factors asked for on the survey instrument and outlined
for display in this report include: organizational characteristics (ownership type, revenue, industry), geographic location of workplace (e.g., region,
state, metro area), level of education, and supervisory responsibility.
Short-term Incentives (STI): An award in the form of cash or another item of value that is contingent upon the achievement of individual, group, or
organizational results identified at the beginning of a performance cycle. The short-term performance cycle is normally one-year or less. Short-term
incentives are usually, though not always, cash awards. Short-term incentives are sometimes called bonuses.
Supervisory Responsibility: The level of supervisory responsibility the individual risk management professional has in their current role.
Target Bonus: The short-term incentive amount or percent granted if a specified target is reached.
Total Cash Compensation: The overall cash payments made to an individual for his/her services during a given year. Total Cash Compensation
includes base pay plus short-term incentives.
2013 Risk and Insurance Management Society, Inc. (RIMS) I - 16 Introduction and Executive Summary
2013 Risk Management Compensation Survey
Respondents from over 1,561 U.S. organizations participated in the 2013 Risk Management Compensation Survey. These U.S. organizations include:
2013 Risk and Insurance Management Society, Inc. (RIMS) II - 2 U.S. Participant List
2013 Risk Management Compensation Survey
Blood & Tissue Center of Central Texas Brown-Forman Corporation Cash America International
Blue Cross Blue Shield BSC Caterpillar
Blue Cross Blue Shield of Arizona Buffalo Wild Wings Catholic Mutual Group
Blue Cross Blue Shield of Florida Buffets, Inc. CBRE
Blue Cross Blue Shield of Michigan Building Materials Corporation of CBS Corporation
Blue Cross Blue Shield of North Carolina America CC Industries
Blue Cross Blue Shield of RI Bunge Ltd. CCA
BMC Software Inc. Burlington Coat Factory CCA of TN, LLC
BMHCC Burlington Electric Department CDI Corporation
BMW Manufacturing Company, LLC Butterball, LLC CEC Entertainment, inc.
BNP Paribas CAP Celanese Corporation
Boart Longyear Company C.L. Thomas, Inc. Center for Diagnostic Imaging
Bob Evans Farms, Inc. C.W. Wright Construction Company, Inc. Centerline Capital Group
Boehringer Ingelheim USA Corp CA, Inc. Centerplate
Boise Inc. Cabela's CenterPoint Properties Trust
Bollinger Shipyards, Inc. Cablevision System Corp Central Arkansas Risk Mgmt. Assn.
Bonfils Blood Center Cabot Corporation Central Parking System
Bonneville Power Administration California Self-Insurers' Security Fund Century Aluminum Company
Boston College Calpine Corporation CenturyLink, Inc.
Boston Globe Camden Property Trust CFI
Boston Scientific Corporation Cameron International corp. CH Energy Group
Boston University Campbell Soup Company CH2M HILL Companies Ltd
Boulder County Government Canterbury Park CHA
BP Corporation North America Inc. Capital Group Charlotte County
Brand Energy & Infrastructure Services Capital Metropolitan Transportation Charter Communications
Brandywine Realty Trust Authority Chemetall US, Inc.
Brazos Electric Cooperative Capital One Financial Corp Chevron Phillips Chemical Company
Bridgestone Americas / Firestone Capital Pumping Chicago Bridge & Iron Company
Building Products CAPS Payroll Chicago Housing Authority
Bristol Bay Native Corporation Cardinal Health, Inc. Chicago Public Schools
Broadridge Financial Solutions, Inc. CareFusion Corporation Chickasaw Nation Industries
Broward County Government Cargill, Incorporated Children's Institute, Inc.
Brown and Caldwell Carilion Clinic Chilton Hospital
Brown Shoe Company, Inc. Carlson Choice Hotels International, Inc.
2013 Risk and Insurance Management Society, Inc. (RIMS) II - 3 U.S. Participant List
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) II - 4 U.S. Participant List
2013 Risk Management Compensation Survey
Consolidated Electrical Distributors, Inc. Craftworks Restaurants & Breweries, DDR Corp.
Consolidated Graphics, Inc. Inc. Dead River Company
Construction Company Crane & Co., Inc. Dean Clinic
Consumer Products Crescent Hotels & Resorts, LLC Dean Foods Company
Continental Automotive, Inc. CRM Dean Health Systems, Inc.
Continental Energy Systems, LLC Cross Country Healthcare, Inc. DecisionHR/Bankers Financial Corp
Contran Corporation CROSSMARK Inc Deere & Company
Convergys Crowley Maritime Corporation Del Monte Corporation
Con-way Inc. Crown Holdings, Inc. Delaware Transit Corporation
Cook Inlet Region, Inc. Crozer-Keystone Health System Dell Inc.
COORSTEK, INC CSC Deloitte LLP
CoreLogic, Inc. CSL Behring Delphi Automotive
Corizon CSX TRANSPORTATION Delta Air Lines
Cornerstone Real Estate Advisers LLC CubeSmart Denton County
Corning Incorporated Cubic Corp. Denver Health and Hospital Authority
Corp Risk Management Cummins Inc. Denver Water
Corporate Office Properties Trust CUNA Mutual Group Department of Aviation
COSCO Americas, Inc. CVS Caremark Corporation DePaul University
Coty Inc. CW Financial Services LLC Devon Energy Corporation
County Government CWS Apartment Homes LLC DFA
County of Charleston, SC Cytec Industries Inc. DHL
County of Kent, Michigan D E Harvey Builders DHL/Exel Supply Chain
County of Los Angeles Daily Express, Inc. Diamond Resorts International
County of Marin Dairy Farmers of America, Inc. Diebold, Inc.
County of Maui Dairyland Power Cooperative Digital Realty Trust
County of Orange Danos & Curole Marine Contractors, LLC DineEquity
Covanta Energy Corporation Dartmouth College DIRECTV
Covenant Retirement Communities Dassault Falcon Jet Corp Discover Financial Services
Covenant Services Worldwide LLC Daughters of Charity Health System Discovery Communications
Coventry Health Care, Inc. Dave & Buster's Disney
Covidien Dayton Freight Lines, Inc. District School Board of Pasco County
Cox Enterprises Dayton Power & Light Dole Food Company, Inc.
CPS Energy Dayton Rogers Mfg. Co. Dollar General Corporation
CR England DCT Industrial Doosan Inracore International
2013 Risk and Insurance Management Society, Inc. (RIMS) II - 5 U.S. Participant List
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) II - 6 U.S. Participant List
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) II - 7 U.S. Participant List
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) II - 8 U.S. Participant List
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) II - 11 U.S. Participant List
2013 Risk Management Compensation Survey
Saia Motor Freight Line, LLC Schweitzer Engineering Laboratories, Snyder's-Lance, Inc.
Saia, Inc. Inc. Sodexo Remote Sites
Saint Gobain Corporation Scripps Health Solid Waste Authority of Palm Beach
Salt Lake County Scripps Networks Interactive, Inc. County
Salt River Project SCU Solix, Inc.
Saltchuk Resources, Inc. Securian Financial Group Solvay
San Diego County Regional Airport Sedgwick Sonoco Products Corporation
Authority Seeno Companies Sony Corporation of America
San Diego County Schools JPA SEIKO Corporation of America Sony Pictures Entertainment
San Diego Padres SEMCO Energy, Inc. SOS Staffing Services, Inc.
San Diego Regional County Airport Sentara Healthcare South Coast AQMD
Authority Sentry Insurance South Jersey Industries, Inc.
San Francisco International Airport Servicemaster Southcoast Health Sytsem
San Francisco Public Utilities Shamrock Foods Company Southern Company Services
Commission Shriners Hospitals for Children Southern Methodist University
San Francisco Unified School District Siemens Corporation Southern Ute Indian Tribe Growth Fund
SanDisk Siemens Enterprise Communications Southwest Florida Water Management
Sandvik, Inc. Siemens Industry Inc. Water District
Santa Clara Valley Transportation Technologies Business Unit Southwest Gas
Authority Sierra Nevada Corporation Southwest Research Institute
Santa Clara Valley Water District Sigma-Aldrich Spectrum Health
Santee Cooper Power SII Sprint Nextel
SAP America, Inc. Silverstein Properties, Inc. Sprint Nextel Corp
SAS Institute Inc. Simon Property Group St Louis Convention & Visitors
Saulsbury Industries, Inc. Sinclair Oil Corporation Commission
Savage Companies Skilled Healthcare, LLC Standard Motor Products
Savage Services Corporation Smart & Final Standard Parking Corporation
SCANA Smith & Nephew StandardAero
Schneider Electric Smithsonian Institution Stanford University
Schnitzer Steel Industries, Inc. SMS Holdings Corporation Stanley Black & Decker, Inc.
Scholastic Inc. SMU Starbucks Coffee Company
School Boards Insurance Company of SMUD Starwood Hotels & Resorts Worldwide
Pennsylvania, Inc. Snap-on Incorporated Inc.
School District of Palm Beach County Snohomish County State Compensation Insurance Fund
State of Connecticut
2013 Risk and Insurance Management Society, Inc. (RIMS) II - 13 U.S. Participant List
2013 Risk Management Compensation Survey
State of Florida - Dept. of Management Syar Industries Inc. The Art Institute of Chicago
Services Syngenta Corporation The Auto Club Group
State of Louisiana Office of Risk Synovus Financial Corp The Black Car Fund
Management Sysco Corporation The Bon-Ton Stores, Inc.
State of Nevada Systemax The Boston Consortium for Higher
State of Oregon TAM International, Inc. Education
State of Utah Risk Management TANKNOLOGY INC. The Brady Companies
State of Washington Department of Targa Resources Corp. The California State University - Office of
Enterprise Services Taubman Company the Chancellor
State of Wisconsin-Dept of Taxi Services, Inc. The Capital Group Companies, Inc.
Administration Taylor Morrison, Inc. The Cheesecake Factory Incorporated
State Office of Risk Management, Texas TBC The Children's Place
Station Casinos TCF Financial Corporation The Coca-Cola Company
Statutory Liquidations TDECU The Duchossois Group, Inc.
Steelcase Inc. TE Connectivity Ltd The E.W. Scripps Company
STERIS Corporation Teacher Retirement System of Texas The Estee Lauder Companies Inc.
Sterling Bank Tech Data Corporation The GEO Group, Inc.
Sterling Jewelers Inc. Technicolor USA, Inc. The Hartford Financial Services Group,
Stewart & Stevenson LLC Telecommunications - Risk Manager Inc.
Stewart Enterprises Inc. Tennant Company The Haskell Company
Stonebridge Companies Tennessee Farmers Cooperative The Hearst Corporation
STP Nuclear Operating Company Teradata Corporation The HEICO Companies, LLC
Structural Integrity Associates, Inc. Terex Corporation The Hershey Company
Stryker Terra Renewal The Home Depot
Subaru of America, Inc. Terumo BCT, Inc. The Housing Authority of the City of
Suburban Propane, L.P. Tesoro Corporation Charlotte
Suffolk Transportation Services, Inc. Texas Association of Counties The Inland Group, Inc.
Sunoco Inc. Texas Guaranteed Student Loan The J. Paul Getty Trust
Sunstate Equipment Co. Corporation The Johns Hopkins University
Sunsweet Growers Inc. Texas Industries, Inc. The Krystal Company
SunTrust Banks Inc. Texas Instruments The Long & Foster Companies, Inc.
Supermedia Textron Inc. The Madison Square Garden Company
SUPERVALU The Aerospace Corporation The Manitowoc Company, Inc.
Sutter Health The ALS Group The Marmon Group LLC
Swift Energy Operating, LLC The Mitchell Family Corporation
2013 Risk and Insurance Management Society, Inc. (RIMS) II - 14 U.S. Participant List
2013 Risk Management Compensation Survey
The 2013 Risk Management Compensation Survey contains compensation data for 11 jobs from 1,971 individual respondents from 1,561 U.S.
organizations. The charts on the following pages display the distribution of U.S. participants by organization size, industry, ownership type, and
geographic region. A chart on the function to which the top risk management executive reports to is also presented.
2013 Risk and Insurance Management Society, Inc. (RIMS) III - 1 U.S. Participant Demographics
The 2013 Risk Management Compensation Survey contains compensation data for 11 jobs from 1,971 2013 Risk Management
individual respondents fromCompensation
1,561 U.S. Survey
organizations. The charts on the following pages display the distribution of U.S. participants by organization size, industry, ownership type, and
geographic region. A chart on the function to which the top risk management executive reports to is also presented.
Ownership Type
# of Percent of
Ownership Type Resp. Respondents
Percent of Respondents
50.0% 46.0%
45.0%
Publicly Traded 907 46.0%
40.0%
35.0%
Private 578 29.3% 29.3%
30.0%
25.0%
Government 237 12.0% 20.0%
15.0%
12.0% 10.2%
Not-for-Profit 202 10.2% 10.0%
5.0% 2.4%
0.0%
Other/Not Specified 47 2.4%
Publicly Traded Private Government Not-for-Profit Other/Not Specified
Revenue
# of Percent of
Revenue Resp. Respondents Percent of Respondents
35.0%
2013 Risk and Insurance Management Society, Inc. (RIMS) III - 2 U.S. Participant Demographics
2013 Risk Management Compensation Survey
Organization Type
# of Percent of
Organization Type Resp. Respondents Percent of Respondents
90.0%
78.0%
Parent 1537 78.0% 80.0%
70.0%
Region
# of Percent of
Regions (defined in Section I - 11) Resp. Respondents Percent of Respondents
25.0%
North East 286 14.5% 22.1%
14.5% 14.2%
15.0%
South East 280 14.2% 12.4%
10.0%
Mississippi Valley 435 22.1%
5.0%
Mountain 361 18.3%
0.0%
Western 364 18.5% North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) III - 3 U.S. Participant Demographics
2013 Risk Management Compensation Survey
Industry
# of Percent of
Percent of Respondents
Industry Resp. Respondents 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0%
Agriculture 20 1.0%
Agriculture 1.0%
Business/Info
25 1.3% Business/Info Services/Consulting/Legal/Accounting 1.3%
Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology 3.9%
Chemical/Pharmaceutical/Biotechnology 77 3.9%
Computer Software/Services 1.3%
Computer Software/Services 25 1.3%
Construction/Engineering/Architectural 70 3.6% Construction/Engineering/Architectural 3.6%
2013 Risk and Insurance Management Society, Inc. (RIMS) III - 4 U.S. Participant Demographics
2013 Risk Management Compensation Survey
Do not have a Top Risk Management Executive 25 1.3% Do not have a Top Risk Management Executive 1.3%
Mayor/Governor/Premier 0.2%
Mayor/Governor/Premier 4 0.2%
Size of Department
n The average reported number of employees in the risk management department is 8.14 while the median is 4.00.
2013 Risk and Insurance Management Society, Inc. (RIMS) III - 5 U.S. Participant Demographics
2013 Risk Management Compensation Survey
Respondent Age
# of Percent of
Age Resp. Respondents 35.0%
Percent of Respondents
29.9%
Less than 30 43 2.2% 30.0%
25.5%
25.0%
30 - 39 229 11.6%
19.2%
20.0%
40 - 49 503 25.5%
15.0%
11.6% 11.6%
50 - 59 589 29.9% 10.0%
n The average respondent age reported is 49.07 while the median is 50.00.
Years in Current Position
# of Percent of
Years in Current Position Resp. Respondents Percent of Respondents
20.0%
18.6%
Less than 1 year 33 1.7% 18.0%
16.3%
1 to 2 years 366 18.6% 16.0%
14.5%
14.0% 13.0%
3 to 4 years 286 14.5%
11.3% 11.7%
12.0%
5 to 6 years 322 16.3% 9.4%
10.0%
6.0%
9 to 10 years 186 9.4%
4.0% 3.5%
11 to 15 years 256 13.0% 1.7%
2.0%
More than 15 years 231 11.7% 0.0%
Less than 1 1 to 2 years 3 to 4 years 5 to 6 years 7 to 8 years 9 to 10 years 11 to 15 years More than 15 No Response
No Response 68 3.5% year years
n The average years respondents reported being at their current position is 7.86 while the median is 6.00.
2013 Risk and Insurance Management Society, Inc. (RIMS) III - 6 U.S. Participant Demographics
2013 Risk Management Compensation Survey
Gender
# of Percent of
Gender Resp. Respondents
Percent of Respondents
60.0%
54.3%
50.0%
Male 1,070 54.3% 43.6%
40.0%
30.0%
Female 860 43.6%
20.0%
10.0%
2013 Risk and Insurance Management Society, Inc. (RIMS) III - 7 U.S. Participant Demographics
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) III - 8 U.S. Participant Demographics
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Chief Risk Officer | Vice President - Risk
Management | Vice President - Strategic 211 $184.2 $148.5 $178.0 $206.0 165 $55.5 $30.0 $45.0 $70.0 113 33.0% 30.0% 211 $227.6 $170.0 $223.0 $265.0 20.5 20.0
and Enterprise Risk
Director - Insurance and Risk Management 770 $133.4 $105.0 $129.0 $154.0 493 $33.2 $13.0 $25.0 $44.5 348 23.0% 20.0% 770 $154.6 $111.0 $142.9 $184.0 20.0 20.0
Manager - Insurance Management 359 $102.1 $85.0 $99.0 $115.0 216 $15.4 $6.2 $11.0 $20.0 144 19.0% 15.0% 359 $111.4 $88.0 $104.5 $129.0 15.4 14.0
Claims Manager 112 $86.9 $70.1 $85.5 $100.1 51 $15.9 $4.6 $10.0 $20.0 29 22.0% 15.0% 112 $94.1 $71.5 $87.2 $109.0 16.6 15.0
Environmental, Health or Safety Manager 33 $91.6 $72.5 $94.0 $104.0 17 $17.3 $9.6 $13.0 $30.0 12 20.0% 20.0% 33 $100.5 $72.5 $96.8 $119.5 14.9 12.0
Risk Management Analyst (Enterprise-Wide) 79 $76.5 $63.0 $72.5 $87.0 38 $7.7 $2.0 $4.0 $8.0 30 9.0% 10.0% 79 $80.2 $64.2 $77.5 $91.0 9.4 6.0
Risk Management Analyst 202 $69.6 $57.0 $67.9 $80.0 103 $6.0 $2.2 $4.0 $7.4 46 12.0% 10.0% 202 $72.7 $58.0 $71.0 $82.0 9.8 8.0
Claims Analyst 15 $64.2 $49.0 $63.0 $80.0 7 $4.5 -- $1.2 -- 5 24.0% 10.0% 15 $66.3 $49.0 $63.8 $80.0 9.3 5.0
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 1 All Jobs Summary - US Data
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 2 All Jobs Summary - US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Average Compensation by Ownership Type
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$300.0
All Respondents 211 $184.2 $227.6
espondents $250.0
$244.7
Publicly Traded 93 $192.8 $244.7
$227.6
$224.5
$219.4
licly Traded $200.0
$196.4
$192.8
$184.2
$175.7
Private 80 $175.7 $219.4 $150.0
$168.6
$155.0
Government 12 $155.0 $168.6 $100.0
$50.0
Not-for-Profit 24 $196.4 $224.5
$0.0
$0.0
$0.0
Other 2 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$300.0
$276.2
$250.0
Less than $100
24 $157.4 $184.4
$233.3
$230.8
Million
$228.2
$227.6
$215.8
$214.8
$200.0
$100 - $250
250 Million 18 $149.1 $178.8
$195.9
$192.0
Million
$184.4
$184.2
$183.4
$183.5
$178.8
$250 - $500 $150.0
$157.4
500 Million 9 $195.9 $214.8
$149.1
Million
$1 - $5
- $5 Billion 75 $183.4 $230.8 $50.0
Billion
$5 - $10
- $10 Billion 21 $192.0 $233.3
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
34 $215.8 $276.2 Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 3 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$300.0
All Respondents 211 $184.2 $227.6
$250.0
$244.5
$242.9
HS/Associate 14 $175.2 $214.3
$227.6
$221.7
$219.9
$200.0
$214.3
$205.1
$188.7
$184.2
Bachelors 97 $179.7 $221.7
$179.7
$175.2
$165.6
$150.0
$0.0
JD 17 $219.9 $242.9 All Respondents HS/Associate Bachelors MA/MS MBA JD
$241.6
No 16 $161.7 $196.9
$233.7
$227.6
$217.6
$200.0
$197.6
$196.9
$185.7
$185.6
$184.2
$175.1
$150.0
$163.8
$161.7
From 1 to 3 46 $175.1 $217.6 $100.0
$0.0
More than 5 62 $197.6 $241.6 All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 4 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Industry Resp. Salary ($000s) Comp ($000s) $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 $300.0 $350.0
$168.6
Construction/Engineering/Architectural 6 $168.6 $179.2 Construction/Engineering/Architectural
$179.2
$221.9
Insurance 13 $221.9 $242.2 Insurance
$242.2
Mfg - Durable (includes Aerospace, Mfg - Durable (includes Aerospace, Computer/Office $187.8
16 $187.8 $242.2 Equipment, Electronics) $242.2
Computer/Office Equipment, Electronics)
$186.7
Mfg - Nondurable (includes Food, Paper & Allied Mfg - Nondurable (includes Food, Paper & Allied Products)
10 $186.7 $255.0 $255.0
Products)
$0.0
Not-for-Profit
Not-for-Profit 2 -- -- $0.0
$165.5
Real Estate
Real Estate 19 $165.5 $214.0 $214.0
$190.0
Retail
$238.2
Retail 15 $190.0 $238.2
$161.0
Service
Service 11 $161.0 $199.4 $199.4
$174.3
Transportation
Transportation 14 $174.3 $229.2 $229.2
$201.6
Utilities
Utilities 7 $201.6 $305.3 $305.3
$186.5
Wholesale Distribution 9 $186.5 $219.5 Wholesale Distribution
$219.5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 5 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
$250.0
East Region North East 34 $189.0 $232.8
$244.0
$240.4
$235.2
$232.8
$227.6
$200.0
$205.0
$202.5
$197.6
ntic Region Mid Atlantic 23 $179.5 $235.2
$193.8
$189.0
$184.2
$179.5
$170.2
$168.5
$150.0
East Region South East 28 $168.5 $202.5
$100.0
Mississippi Valley 50 $193.8 $244.0
$50.0
tain Region Mountain 41 $170.2 $205.0
$0.0
tern Region Western 35 $197.6 $240.4 All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 6 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$180.0
All Respondents 22 $141.7 $166.4
$171.3
$169.5
$160.0
$166.4
$163.7
espondents
$140.0
$148.5
$144.3
$141.7
$139.8
Publicly Traded 10 $144.3 $171.3
licly Traded $120.0
$100.0
Private 6 $139.8 $169.5
$80.0
Government 0 -- -- $60.0
$40.0
Not-for-Profit 5 $148.5 $163.7 $20.0
$0.0
$0.0
$0.0
Other 1 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
$0.0
$0.0
Average Compensation by Revenue
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$180.0
$169.6
$160.0
$145.2
2 -- --
$141.7
Million
$120.0
$100 - $250
250 Million 2 -- --
Million $100.0
$250 - $500
500 Million 4 -- -- $80.0
Million
$1 - $5 $40.0
- $5 Billion 7 $145.2 $169.6
Billion
$20.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$5 - $10
- $10 Billion 1 -- --
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
3 -- -- Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 7 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$250.0
All Respondents 22 $141.7 $166.4
$200.0
HS/Associate 0 -- --
$196.6
$168.4
$166.4
$164.6
$150.0
$151.5
Bachelors 6 $143.3 $168.4
$143.3
$141.7
$130.5
$100.0
MA/MS 5 $164.6 $196.6
$50.0
MBA 11 $130.5 $151.5
$0.0
$0.0
$0.0
$0.0
$0.0
JD 0 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$178.5
$160.0
$166.4
$160.8
No 3 -- --
$153.7
$140.0
$141.7
$135.2
$120.0
1 or Fewer 2 -- --
$100.0
$80.0
From 1 to 3 5 $135.2 $160.8
$60.0
$40.0
From 3 to 5 6 $153.7 $178.5
$20.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 2 -- -- All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 8 US Data
2013 Risk Management Compensation Survey
$168.8
$160.0
$166.4
East Region North East 6 $136.8 $168.8 $140.0
$141.7
$136.8
$120.0
ntic Region Mid Atlantic 3 -- --
$100.0
$60.0
Mississippi Valley 3 -- --
$40.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
tern Region Western 3 -- -- All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 9 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$200.0
All Respondents 123 $135.3 $152.0 $180.0
espondents
$175.0
$160.0
$156.4
Publicly Traded 50 $150.4 $175.0
$152.0
$140.0
$150.4
licly Traded
$141.3
$136.3
$135.3
$120.0
$128.5
Private 31 $128.5 $141.3 $100.0
$110.4
$110.1
$80.0
Government 21 $110.1 $110.4 $60.0
$40.0
Not-for-Profit 19 $136.3 $156.4
$20.0
$0.0
$0.0
$0.0
Other 2 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
$199.5
Million
$100 - $250
$171.8
250 Million 6 $127.7 $138.3 $150.0
$161.7
Million
$156.5
$152.0
$150.2
$145.7
$139.9
$138.3
$250 - $500
$135.3
$131.8
500 Million 12 $118.5 $129.3 $129.6
$129.3
$127.7
Million
$118.6
$118.5
$100.0
$500 Million - $1 Billion 16 $131.8 $145.7
$1 - $5 $50.0
- $5 Billion 46 $139.9 $156.5
Billion
$5 - $10
- $10 Billion 9 $150.2 $171.8
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
13 $161.7 $199.5 Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 11 US Data
2013 Risk Management Compensation Survey
$157.6
$157.2
$152.0
$151.2
HS/Associate 3 -- -- $140.0
$141.6
$140.4
$135.6
$135.3
$134.7
$129.8
$120.0
$80.0
MA/MS 18 $129.8 $141.6
$60.0
$40.0
MBA 37 $140.4 $157.2
$20.0
$0.0
$0.0
JD 9 $135.6 $157.6 $0.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
$173.6
$160.0
$162.3
No 25 $123.9 $134.6 $152.0
$140.0
$148.4
$148.3
$147.1
$140.4
$135.7
$135.3
$135.1
$134.6
$120.0
$123.9
1 or Fewer 18 $135.1 $147.1
$100.0
$80.0
From 1 to 3 31 $140.4 $162.3
$60.0
$40.0
From 3 to 5 21 $148.4 $173.6
$20.0
$0.0
More than 5 15 $135.7 $148.3 All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 12 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Industry Resp. Salary ($000s) Comp ($000s)
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0 $180.0 $200.0
All Respondents 123 $135.3 $152.0 $135.3
All Respondents
$152.0
Chemical/Pharmaceutical/Biotechnology 6 $144.7 $166.7 $144.7
Chemical/Pharmaceutical/Biotechnology
$166.7
Energy 5 $123.4 $132.2 $123.4
Energy
$132.2
$139.5
Retail 6 $139.5 $153.8 Retail
$153.8
$142.5
Transportation 6 $142.5 $176.7 Transportation
$176.7
$130.3
Utilities 9 $130.3 $139.4 Utilities
$139.4
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 13 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Regions (defined in Section I - 15) Resp. Salary ($000s) Comp ($000s)
$180.0
All Respondents 123 $135.3 $152.0
$160.0
$164.9
$157.0
$154.2
$152.7
$152.0
East Region North East 19 $140.9 $154.2 $140.0
$142.5
$140.9
$140.9
$137.7
$135.3
$134.8
$132.3
$130.7
$120.0
$126.8
ntic Region Mid Atlantic 10 $140.9 $164.9
$100.0
$60.0
Mississippi Valley 24 $132.3 $152.7
$40.0
$0.0
tern Region Western 40 $137.7 $157.0 All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 14 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$200.0
All Respondents 770 $133.4 $154.6 $180.0
espondents
$180.7
$160.0
$154.6
Publicly Traded 346 $148.2 $180.7 $140.0
$148.2
$147.3
licly Traded
$133.4
$120.0
$128.4
$128.3
$122.8
$117.9
Private 229 $128.4 $147.3 $100.0
$105.4
$107.9
$106.5
$80.0
Government 101 $106.5 $107.9 $60.0
$40.0
Not-for-Profit 77 $122.8 $128.3
$20.0
$0.0
Other 17 $105.4 $117.9 All Respondents Publicly Traded Private Government Not-for-Profit Other
$206.1
51 $105.5 $109.6
Million
$175.2
$100 - $250
250 Million 53 $112.5 $120.8
$165.7
Million $150.0
$155.1
$154.6
$147.4
$250 - $500
$134.1
$133.4
$132.2
$130.9
500 Million 71 $116.1 $130.9
Million
$120.8
$119.1
$116.1
$112.5
$100.0
$109.6
$105.5
$1 - $5 $50.0
- $5 Billion 225 $134.1 $155.1
Billion
$5 - $10
- $10 Billion 92 $147.4 $175.2
Billion $0.0
Greater than All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
143 $165.7 $206.1 Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 15 US Data
2013 Risk Management Compensation Survey
$168.7
$155.4
$154.6
$154.2
$140.0
HS/Associate 46 $122.3 $141.3
$141.3
$141.2
$140.7
$133.4
$133.1
$131.4
$120.0
$122.3
$118.8
Bachelors 372 $133.1 $154.2 $100.0
$80.0
MA/MS 66 $118.8 $131.4
$60.0
$40.0
MBA 204 $141.2 $168.7
$20.0
$167.1
$162.8
$155.4
$154.6
$151.6
$140.0
$143.7
No 135 $119.7 $135.2
$138.7
$135.2
$135.1
$133.4
$120.0
$127.6
$119.7
1 or Fewer 110 $127.6 $151.6 $100.0
$80.0
$40.0
From 3 to 5 132 $143.7 $167.1
$20.0
$0.0
More than 5 105 $138.7 $162.8 All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 16 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Industry Resp. Salary ($000s) Comp ($000s)
$0.0 $50.0 $100.0 $150.0 $200.0 $250.0
All Respondents 770 $133.4 $154.6 $133.4
All Respondents $154.6
Agriculture 11 $135.5 $164.2 $135.5
Agriculture $164.2
Business/Info
7 $164.8 $207.0 Business/Info Services/Consulting/Legal/Accounting
$164.8
Services/Consulting/Legal/Accounting $207.0
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 17 US Data
2013 Risk Management Compensation Survey
$184.0
East Region North East 141 $154.5 $184.0 $160.0
$154.5
$154.6
$151.3
$151.0
$148.5
$140.0
$146.9
$142.1
ntic Region Mid Atlantic 91 $132.0 $151.3
$133.4
$132.1
$132.0
$130.0
$120.0
$126.4
$123.2
$100.0
East Region South East 119 $123.2 $142.1
$80.0
$40.0
$0.0
tern Region Western 123 $132.1 $146.9 All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 18 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$140.0
All Respondents 359 $102.1 $111.4
espondents $120.0
$119.9
$111.4
$109.3
$109.1
Publicly Traded 181 $107.5 $119.9
$107.5
$100.0
$103.6
$102.1
$99.7
licly Traded
$92.0
$89.9
$96.3
$80.0
$94.0
Private 87 $99.7 $109.3
$60.0
$0.0
Other 13 $103.6 $109.1 All Respondents Publicly Traded Private Government Not-for-Profit Other
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$140.0
$131.1
$120.0
Less than $100
$115.3
$113.6
23 $82.2 $83.9
$111.5
$111.4
$107.2
Million $100.0
$103.4
$102.5
$102.4
$102.1
$101.7
$98.6
$100 - $250
$95.3
250 Million 17 $95.3 $101.7
$90.7
Million $80.0
$83.9
$82.2
$250 - $500
500 Million 25 $90.7 $98.6
Million $60.0
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 19 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$140.0
All Respondents 359 $102.1 $111.4
$120.0
$115.4
$113.3
HS/Associate 36 $88.6 $93.6
$112.1
$111.4
$100.0
$106.6
$106.3
$105.5
$102.9
$102.1
$101.5
$93.6
$88.6
Bachelors 192 $102.9 $113.3 $80.0
$60.0
MA/MS 27 $101.5 $106.6
$40.0
$135.4
No 167 $99.6 $108.2 $120.0
$115.3
$114.1
$111.7
$111.4
$108.8
$100.0
$108.2
$103.6
$102.4
$102.5
$102.1
$99.6
1 or Fewer 66 $103.6 $114.1
$80.0
$60.0
From 1 to 3 60 $102.5 $108.8
$40.0
$0.0
More than 5 19 $115.3 $135.4 All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 20 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Industry Resp. Salary ($000s) Comp ($000s)
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0 $160.0
All Respondents 359 $102.1 $111.4 $102.1
All Respondents
$111.4
Business/Info
6 $99.3 $104.9 $99.3
Services/Consulting/Legal/Accounting Business/Info Services/Consulting/Legal/Accounting
$104.9
Chemical/Pharmaceutical/Biotechnology 13 $118.4 $130.4 $118.4
Chemical/Pharmaceutical/Biotechnology
$130.4
Construction/Engineering/Architectural 15 $113.2 $120.4 $113.2
Construction/Engineering/Architectural
$120.4
Education 7 $86.5 $89.7 $86.5
Education
$89.7
Energy 24 $119.3 $143.3 $119.3
Energy
$143.3
Finance/Banking 17 $101.9 $117.7
$101.9
Finance/Banking
$117.7
Government 26 $91.4 $91.6
$91.4
Government
$91.6
Healthcare 23 $97.7 $104.2 $97.7
Healthcare
$104.2
Mfg - Nondurable (includes Food, Paper & Allied Mfg - Nondurable (includes Food, Paper & Allied Products)
$109.4
19 $109.4 $119.6 $119.6
Products)
$106.3
Mining/Milling/Smelting 8 $106.3 $111.6 Mining/Milling/Smelting
$111.6
$90.6
Not-for-Profit 6 $90.6 $91.4 Not-for-Profit
$91.4
$98.1
Real Estate 11 $98.1 $107.4 Real Estate
$107.4
$97.6
Retail 18 $97.6 $105.6 Retail
$105.6
$102.0
Telecommunications 5 $102.0 $117.3 Telecommunications
$117.3
$95.7
Transportation 19 $95.7 $106.1 Transportation
$106.1
$104.5
Utilities 32 $104.5 $114.8 Utilities
$114.8
$95.7
Wholesale Distribution 9 $95.7 $103.5 Wholesale Distribution
$103.5
$103.9
Other 23 $103.9 $114.9 Other
$114.9
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 21 US Data
2013 Risk Management Compensation Survey
$120.0
$120.9
$118.7
East Region North East 45 $108.0 $118.7
$111.4
$110.6
$108.8
$108.0
$107.1
$107.0
$100.0
$103.8
$102.1
$100.6
$100.6
$99.8
ntic Region Mid Atlantic 46 $99.8 $107.1
$92.9
$80.0
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 22 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$120.0
All Respondents 45 $84.4 $88.0
espondents $100.0
$98.1
$93.3
Publicly Traded 17 $84.6 $90.0
$96.7
$96.7
$90.0
$88.0
licly Traded $80.0
$84.6
$84.4
$75.4
$72.5
Private 13 $72.5 $75.4 $60.0
$20.0
Not-for-Profit 7 $93.3 $98.1
$0.0
$0.0
$0.0
Other 1 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
$112.8
$106.4
$100.0
Less than $100
9 $80.3 $81.3
$94.2
Million
$88.8
$88.0
$80.0
$84.4
$100 - $250
$81.3
$80.3
250 Million 0 -- --
Million
$250 - $500 $60.0
500 Million 2 -- --
Million
$1 - $5
- $5 Billion 9 $88.8 $94.2 $20.0
Billion
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$5 - $10
- $10 Billion 3 -- --
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
2 -- -- Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 23 US Data
2013 Risk Management Compensation Survey
$104.8
$97.0
HS/Associate 10 $79.3 $82.3
$88.0
$86.5
$80.0
$84.4
$82.8
$82.3
$79.3
Bachelors 25 $82.8 $86.5
$60.0
MBA 2 -- -- $20.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 0 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$116.2
No 17 $70.8 $72.8
$108.9
$100.0
$88.2
$88.0
$80.0
$84.4
$84.0
1 or Fewer 5 $74.6 $78.3
$78.3
$74.6
$72.8
$60.0 $70.8
From 1 to 3 8 $84.0 $88.2
$40.0
From 3 to 5 2 -- -- $20.0
$0.0
$0.0
$0.0
More than 5 8 $108.9 $116.2 All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 24 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
$0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0
Industry Resp. Salary ($000s) Comp ($000s)
$84.4
All Respondents 45 $84.4 $88.0 All Respondents
$88.0
$74.4
Government 5 $74.4 $74.4 Government
$74.4
$90.2
Healthcare 5 $90.2 $96.2 Healthcare
$96.2
$73.8
Retail 6 $73.8 $78.8 Retail
$78.8
$94.2
$90.0
$94.0
$93.7
$90.8
$88.0
$86.8
$84.4
East Region North East 4 -- -- $80.0
$81.9
$74.6
$70.0
$70.7
ntic Region Mid Atlantic 1 -- --
$60.0
$50.0
East Region South East 7 $70.7 $74.6
$40.0
$20.0
$0.0
$0.0
$0.0
$0.0
tern Region Western 17 $81.9 $86.8 All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 25 US Data
2013 Risk Management Compensation Survey
Claims Manager
Average Compensation by Ownership Type
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$120.0
All Respondents 112 $86.9 $94.1
espondents $100.0
$104.7
$104.2
$103.8
$94.1
$92.7
Publicly Traded 58 $92.7 $104.2
$86.9
licly Traded $80.0
$80.6
$84.5
$83.9
$76.7
Private 34 $76.7 $80.6 $60.0
$20.0
Not-for-Profit 6 $103.8 $104.7
$0.0
$0.0
$0.0
Other 4 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$140.0
$124.7
Less than $100
9 $82.5 $83.6
Million $100.0
$104.6
$104.4
$100 - $250
$94.1
$93.9
$92.3
250 Million 5 $79.8 $81.8
$90.4
$88.3
Million
$86.9
$80.0
$84.2
$84.0
$83.6
$82.5
$82.5
$81.8
$79.8
$250 - $500
500 Million 8 $84.0 $90.4
Million $60.0
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 27 US Data
2013 Risk Management Compensation Survey
Claims Manager
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$120.0
All Respondents 112 $86.9 $94.1
$100.0
$101.9
$98.2
$96.8
HS/Associate 19 $73.0 $75.4
$94.5
$94.1
$92.4
$89.2
$86.9
$80.0
$75.4
$73.0
Bachelors 68 $89.2 $96.8
$60.0
$0.0
$0.0
$0.0
JD 2 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$125.6
No 50 $81.7 $86.5
$108.8
$100.0
$102.8
$96.6
$96.2
$94.1
$87.8
$80.0
$86.9
$86.5
$85.5
1 or Fewer 17 $83.2 $87.8
$83.2
$60.0 $81.7
From 1 to 3 14 $85.5 $96.2
$40.0
$0.0
More than 5 14 $96.6 $102.8 All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 28 US Data
2013 Risk Management Compensation Survey
Claims Manager
$77.6
Hospitality 9 $77.6 $85.5 Hospitality
$85.5
$84.7
Retail 13 $84.7 $89.6 Retail
$89.6
$91.9
Service 6 $91.9 $94.9 Service
$94.9
$90.5
Transportation 11 $90.5 $98.4 Transportation
$98.4
$89.7
Utilities 6 $89.7 $101.6 Utilities
$101.6
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 29 US Data
2013 Risk Management Compensation Survey
Claims Manager
$100.0
$101.0
$99.9
East Region North East 10 $97.5 $101.0
$97.5
$97.3
$95.3
$94.1
$91.9
$91.2
$91.0
$86.9
$80.0
$85.0
$82.9
$82.8
$79.6
ntic Region Mid Atlantic 21 $91.2 $97.3
$60.0
East Region South East 15 $82.8 $91.9
$40.0
Mississippi Valley 21 $79.6 $82.9
$20.0
tain Region Mountain 27 $85.0 $95.3
$0.0
tern Region Western 18 $91.0 $99.9 All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 30 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$120.0
All Respondents 33 $91.6 $100.5
$109.1
espondents $100.0
$100.5
$97.7
$95.5
Publicly Traded 12 $89.1 $97.7
$91.6
$89.1
$93.7
$93.7
licly Traded $80.0
$20.0
Not-for-Profit 1 -- --
$0.0
$0.0
$0.0
$0.0
$0.0
Other 0 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
$112.2
$100.0
Less than $100
0 -- -- $100.5
$95.0
Million
$91.6
$78.7
Million
$74.1
$250 - $500 $60.0
500 Million 7 $95.0 $112.2
Million
$1 - $5
- $5 Billion 4 -- --
Billion $20.0
$5 - $10
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
- $10 Billion 1 -- --
Billion $0.0
Greater than All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
3 -- -- Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 31 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$120.0
All Respondents 33 $91.6 $100.5
$114.1
$108.4
$100.0
$100.5
$96.9
HS/Associate 3 -- --
$91.6
$87.8
$80.0
MBA 4 -- -- $20.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 0 -- -- $0.0
All Respondents HS/Associate Bachelors MA/MS MBA JD
$122.0
No 15 $86.1 $91.6
$100.0
$105.0
$100.5
$91.6
$91.6
$80.0
$86.1
1 or Fewer 3 -- --
$60.0
From 1 to 3 4 -- --
$40.0
From 3 to 5 4 -- -- $20.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 6 $105.0 $122.0 All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 32 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Industry Resp. Salary ($000s) Comp ($000s) $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
$91.6
All Respondents 33 $91.6 $100.5 All Respondents
$100.5
$109.1
$100.0
$103.1
$100.5
East Region North East 4 -- --
$97.2
$91.6
$80.0
$82.4
ntic Region Mid Atlantic 4 -- --
$78.9
$76.1
$60.0
East Region South East 8 $76.1 $78.9
$40.0
Mississippi Valley 3 -- --
$20.0
tain Region Mountain 7 $82.4 $97.2
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
tern Region Western 7 $103.1 $109.1 All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 33 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$100.0
All Respondents 79 $76.5 $80.2 $90.0
espondents
$86.4
$80.0
$80.8
$80.2
$80.1
$77.4
Publicly Traded 27 $75.4 $80.1
$76.5
$75.8
$75.4
$70.0
licly Traded
$74.1
$73.8
$60.0
Private 25 $80.8 $86.4 $50.0
$40.0
Government 13 $73.8 $74.1 $30.0
$20.0
Not-for-Profit 10 $75.8 $77.4
$10.0
$0.0
$0.0
$0.0
Other 4 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
$87.8
$80.0
$84.5
Less than $100
$81.5
5 $66.9 $69.5 $80.2
$78.9
$78.9
$78.2
$77.4
$77.3
Million
$76.5
$76.1
$75.5
$70.0
$72.8
$72.3
$69.5
$100 - $250
$66.9
250 Million 7 $77.3 $78.9 $60.0
Million
$250 - $500 $50.0
500 Million 5 $76.1 $78.9
Million
$40.0
$500 Million - $1 Billion 9 $72.3 $75.5 $30.0
$1 - $5 $20.0
- $5 Billion 23 $84.5 $87.8
Billion
$10.0
$5 - $10
- $10 Billion 10 $72.8 $77.4
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
6 $78.2 $81.5 Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 35 US Data
2013 Risk Management Compensation Survey
$83.5
$80.5
$80.2
$77.0
$76.5
$70.0
$72.6
HS/Associate 8 $69.8 $71.5
$71.5
$69.8
$60.0
$40.0
MA/MS 4 -- --
$30.0
$20.0
MBA 18 $80.5 $83.5
$10.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 2 -- --
All Respondents HS/Associate Bachelors MA/MS MBA JD
$103.8
No 59 $72.0 $75.3
$96.4
$88.4
$80.0
$86.2
$80.2
$76.5
$75.3
1 or Fewer 9 $96.4 $103.8
$72.0
$60.0
From 3 to 5 0 -- -- $20.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 1 -- --
All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 36 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Industry Resp. Salary ($000s) Comp ($000s) $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0
$102.8
Chemical/Pharmaceutical/Biotechnology 5 $102.8 $113.2 Chemical/Pharmaceutical/Biotechnology
$113.2
$82.2
Finance/Banking 6 $82.2 $84.7 Finance/Banking
$84.7
$69.8
Government 7 $69.8 $69.8 Government
$69.8
$77.1
Insurance 9 $77.1 $79.7 Insurance
$79.7
$68.2
Retail 7 $68.2 $71.4 Retail
$71.4
$84.1
Utilities 10 $84.1 $85.9 Utilities
$85.9
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 37 US Data
2013 Risk Management Compensation Survey
$86.9
$85.2
$80.0
$83.8
East Region North East 5 $71.8 $72.2
$82.1
$80.2
$79.9
$78.3
$76.5
$76.1
$75.4
$70.0
$72.2
$71.8
$70.4
ntic Region Mid Atlantic 13 $76.1 $79.9 $60.0
$62.7
$50.0
East Region South East 12 $62.7 $70.4
$40.0
$20.0
$0.0
tern Region Western 17 $83.8 $85.2 All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 38 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$80.0
All Respondents 202 $69.6 $72.7
$76.1
$74.8
$70.0
$74.0
$72.7
espondents
$70.3
$69.8
$69.6
$66.5
$68.6
$60.0
$68.6
Publicly Traded 104 $70.3 $74.0
licly Traded
$50.0
$30.0
Government 22 $68.6 $68.6
$20.0
$0.0
$0.0
$0.0
Other 3 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
$82.8
Less than $100
$78.8
$77.9
8 $71.2 $74.9
$75.9
$74.9
$70.0
$74.2
Million
$73.7
$72.7
$71.2
$69.6
$67.8
$67.2
$100 - $250
$66.4
$65.6
$60.0
$64.5
$63.8
250 Million 8 $74.2 $78.8
Million
$50.0
$250 - $500
500 Million 14 $63.8 $66.4
Million $40.0
$1 - $5 $20.0
- $5 Billion 50 $73.7 $75.9
Billion
$10.0
$5 - $10
- $10 Billion 25 $64.5 $67.8
Billion $0.0
Greater than All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
36 $77.9 $82.8 Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 39 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$90.0
All Respondents 202 $69.6 $72.7
$80.0
$83.2
$78.4
$70.0
$74.6
$74.5
$73.7
$72.7
$72.2
HS/Associate 34 $67.5 $69.8
$70.8
$69.8
$69.6
$69.1
$67.5
$60.0
$40.0
$20.0
MBA 21 $78.4 $83.2
$10.0
$0.0
JD 6 $73.7 $74.6 All Respondents HS/Associate Bachelors MA/MS MBA JD
$80.0
$70.0
$74.9
$72.7
No 186 $69.1 $72.0
$72.0
$69.6
$69.1
$60.0
$40.0
From 1 to 3 3 -- -- $30.0
$20.0
From 3 to 5 0 -- --
$10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 0 -- -- All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 40 US Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Industry Resp. Salary ($000s) Comp ($000s) $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $100.0
Mfg - Nondurable (includes Food, Paper & Allied Mfg - Nondurable (includes Food, Paper & Allied Products)
$58.6
7 $58.6 $59.8 $59.8
Products)
$53.6
Real Estate
Real Estate 10 $53.6 $56.9 $56.9
$62.0
Retail
Retail 7 $62.0 $63.8 $63.8
$60.3
Telecommunications
Telecommunications 7 $60.3 $61.4 $61.4
$69.5
Transportation
Transportation 15 $69.5 $75.8 $75.8
$75.6
Utilities
Utilities 15 $75.6 $78.9 $78.9
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 41 US Data
2013 Risk Management Compensation Survey
$85.7
East Region North East 18 $82.5 $85.7 $80.0
$82.5
$75.1
$70.0
$74.1
$73.5
$72.7
$72.0
$70.7
$69.8
$69.6
$67.2
$67.1
ntic Region Mid Atlantic 31 $69.8 $74.1
$64.6
$64.4
$60.0
$50.0
East Region South East 30 $64.4 $67.2
$40.0
$20.0
$0.0
tern Region Western 39 $72.0 $75.1 All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 42 US Data
2013 Risk Management Compensation Survey
Claims Analyst
Average Compensation by Ownership Type
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$80.0
All Respondents 15 $64.2 $66.3
$70.0
espondents
$70.2
$67.0
$66.3
$60.0
$64.2
Publicly Traded 9 $67.0 $70.2
licly Traded
$50.0
Private 1 -- -- $40.0
$30.0
Government 1 -- --
$20.0
Not-for-Profit 4 -- -- $10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
Other 0 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
$0.0
$0.0
Average Compensation by Revenue
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$70.0
$66.3
$60.0 $64.2
Less than $100
2 -- --
Million $50.0
$100 - $250
250 Million 0 -- --
Million $40.0
$250 - $500
500 Million 0 -- --
Million $30.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$5 - $10
- $10 Billion 1 -- --
Billion $0.0
Greater than All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
0 -- -- Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 43 US Data
2013 Risk Management Compensation Survey
Claims Analyst
$66.3
$64.2
$60.0
$62.2
$59.9
HS/Associate 3 -- --
$50.0
$30.0
MA/MS 0 -- --
$20.0
MBA 1 -- -- $10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 1 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$66.3
$66.3
$64.2
$64.2
$60.0
No 15 $64.2 $66.3
$50.0
$40.0
1 or Fewer 0 -- --
$30.0
From 1 to 3 0 -- --
$20.0
From 3 to 5 0 -- -- $10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 0 -- -- All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 44 US Data
2013 Risk Management Compensation Survey
Claims Analyst
$66.3
$64.2
$60.0
$61.8
$61.5
East Region North East 0 -- --
$50.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
tern Region Western 4 -- -- All Respondents North East Mid Atlantic South East Mississippi Valley Mountain Western
2013 Risk and Insurance Management Society, Inc. (RIMS) IV- 45 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organizations enterprise risk and risk appetite
frameworks, and related processes to achieve the organizations short- and long-term strategic, financial and operational goals. Directs the development of the organizations risk practices as an interrelated risk portfolio to create, capture and
protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-
based operational perspective, an intimate knowledge of internal business processes and understanding of the organizations industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's
concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of
others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the
ability to drive performance from all areas within the organization.
Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as
the person responsible for all activities relating to risk within the organization.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 211 $184.2 $148.5 $178.0 $206.0 165 $55.5 $30.0 $45.0 $70.0 113 33.0% 30.0% 211 $227.6 $170.0 $223.0 $265.0 20.5 20.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 93 $192.8 $160.0 $197.0 $215.0 74 $65.1 $40.0 $54.5 $80.0 60 37.0% 30.0% 93 $244.7 $190.7 $235.0 $275.0 21.1 21.0
Private 80 $175.7 $140.0 $169.5 $200.0 67 $52.3 $20.0 $43.0 $65.0 40 32.0% 25.0% 80 $219.4 $169.5 $201.5 $250.0 19.8 20.0
Government 12 $155.0 $126.0 $148.0 $159.3 6 $27.3 -- $15.0 -- 4 -- -- 12 $168.6 $126.0 $157.4 $169.2 18.3 17.5
Not-for-Profit 24 $196.4 $160.0 $197.5 $217.5 18 $37.5 $30.0 $35.1 $40.0 9 23.0% 20.0% 24 $224.5 $172.0 $230.0 $269.5 22.1 26.0
Other 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 24 $157.4 $120.5 $157.5 $185.0 14 $46.3 $18.0 $32.5 $50.0 5 18.0% 20.0% 24 $184.4 $139.5 $167.0 $231.5 17.7 18.0
$100 - $250 Million 18 $149.1 $130.0 $146.3 $170.0 18 $29.6 $12.0 $21.3 $45.0 11 33.0% 25.0% 18 $178.8 $145.0 $177.2 $205.0 17.4 17.0
$250 - $500 Million 9 $195.9 -- $155.0 -- 4 -- -- -- -- 3 -- -- 9 $214.8 -- $170.0 -- 20.2 20.0
$500 Million - $1 Billion 28 $183.5 $145.8 $165.5 $222.5 23 $54.4 $25.0 $40.0 $65.0 13 40.0% 40.0% 28 $228.2 $169.0 $217.0 $272.4 20.6 21.0
$1 - $5 Billion 75 $183.4 $155.0 $185.0 $210.0 61 $58.3 $30.0 $49.0 $70.0 44 33.0% 30.0% 75 $230.8 $178.0 $225.0 $274.0 21.6 23.0
$5 - $10 Billion 21 $192.0 $166.0 $190.0 $200.0 16 $54.2 $33.5 $47.5 $72.5 12 31.0% 30.0% 21 $233.3 $190.7 $228.0 $266.5 23.2 25.0
Greater than $10 Billion 34 $215.8 $180.0 $206.0 $250.0 27 $76.1 $50.0 $60.0 $90.0 24 37.0% 30.0% 34 $276.2 $226.0 $253.0 $335.0 20.3 20.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 14 $175.2 $130.0 $163.0 $215.0 11 $49.7 $13.0 $40.0 $73.0 4 -- -- 14 $214.3 $140.0 $208.5 $275.0 25.7 27.0
Bachelors 97 $179.7 $148.0 $175.0 $200.0 73 $55.9 $30.0 $45.0 $66.0 51 34.0% 30.0% 97 $221.7 $169.0 $211.2 $250.0 20.6 20.0
MA/MS 18 $165.6 $135.0 $154.0 $190.0 15 $47.4 $16.5 $37.5 $50.0 8 27.0% 20.0% 18 $205.1 $145.0 $187.5 $231.0 21.7 21.0
MBA 56 $188.7 $158.0 $192.5 $206.0 49 $63.8 $35.0 $52.0 $90.0 38 34.0% 30.0% 56 $244.5 $190.3 $235.0 $297.5 19.3 20.0
JD 17 $219.9 $169.0 $215.0 $235.0 9 $43.4 -- $43.5 -- 6 33.0% 28.0% 17 $242.9 $188.5 $235.0 $265.0 19.1 18.0
Ph.D 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 16 $161.7 $121.8 $152.5 $197.5 11 $51.2 $25.0 $35.0 $88.0 10 35.0% 30.0% 16 $196.9 $142.8 $177.5 $227.5 19.7 16.0
1 or Fewer 15 $163.8 $137.5 $148.5 $198.0 12 $27.2 $10.0 $20.4 $42.5 8 25.0% 28.0% 15 $185.6 $140.0 $188.0 $230.0 22.5 25.0
From 1 to 3 46 $175.1 $144.0 $171.5 $200.0 36 $54.4 $37.5 $48.0 $60.0 27 32.0% 30.0% 46 $217.6 $170.0 $211.0 $250.0 19.8 20.0
From 3 to 5 44 $185.7 $154.0 $185.0 $207.5 37 $57.1 $35.0 $50.0 $73.0 23 34.0% 30.0% 44 $233.7 $181.5 $232.5 $274.5 20.5 22.5
More than 5 62 $197.6 $153.0 $192.5 $232.0 45 $60.6 $20.0 $45.0 $80.0 32 33.0% 30.0% 62 $241.6 $169.4 $225.5 $281.0 20.3 20.0
2013 Risk and Insurance Management Society, Inc. (RIMS) V-1 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organizations enterprise risk and risk appetite
Cash Compensation
frameworks, and related(All dollarto
processes amounts areorganizations
achieve the displayed inshort-
USD and$000s)
long-term strategic, financial and operational goals. Directs the development of the organizations risk practices as an interrelated risk portfolio to create, capture and
protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
based operational perspective, an intimate knowledge of internal business processes and understanding of the organizations industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's
concepts, practices, and procedures. Relies on extensive
# of personal leadership skills,
50th pct network of internal
# of and external alliances, experience
50th pct and judgment to plan and accomplish
50th pct goals.
# of Performs a variety of tasks. Leads
50th pct and directs the work ofpct
50th
others. A wide degree of creativity and latitude isResp.
Industry expected. Key traits
Average 25thfor
pctthe individual
(median) 75thinpct
this position
Resp. are: highly25th
Average developed communications,
pct (median) 75th pct #team player,
of Resp. change (median)
Average agent, strategic and creative,
Resp. Average excellent project management
25th pct (median) skills and(median)
75th pct Average the
ability to drive performance from all areas within the
Agriculture 3 organization.
-- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Business/Info
8 $172.6 -- $175.0 -- 7 $36.9 -- $45.0 -- 4 -- -- 8 $204.8 -- $210.3 -- 19.4 20.5
Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as
Services/Consulting/Legal/Accounting
the person responsible for all activities relating to risk
Chemical/Pharmaceutical/Biotechnology 3 within--the organization.
-- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Computer Software/Services 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Construction/Engineering/Architectural 6 $168.6 -- $165.5 -- 3 -- -- -- -- 0 -- -- 6 $179.2 -- $179.8 -- 29.3 30.5
Education 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Energy 8 $171.4 -- $168.5 -- 8 $50.6 -- $59.5 -- 6 25.0% 25.0% 8 $222.0 -- $230.5 -- 16.4 14.5
Entertainment & Media 6 $199.8 -- $212.0 -- 6 $37.7 -- $32.5 -- 3 -- -- 6 $237.5 -- $247.5 -- 25.3 25.0
Finance/Banking 7 $183.2 -- $180.0 -- 6 $59.6 -- $66.3 -- 4 -- -- 7 $234.3 -- $270.0 -- 17.0 18.0
Government 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Healthcare 22 $192.0 $153.0 $177.3 $215.0 17 $34.0 $25.0 $35.0 $45.0 8 20.0% 20.0% 22 $218.3 $156.0 $215.6 $265.0 22.4 26.0
Hospitality 8 $180.1 -- $171.8 -- 6 $39.3 -- $32.5 -- 5 24.0% 25.0% 8 $209.6 -- $200.0 -- 19.3 19.0
Insurance 13 $221.9 $169.0 $200.0 $235.0 7 $37.6 -- $40.0 -- 6 27.0% 30.0% 13 $242.2 $188.0 $233.0 $250.0 21.0 25.0
Mfg - Durable (includes Aerospace,
16 $187.8 $155.0 $171.3 $217.5 13 $67.0 $40.0 $56.0 $83.8 11 32.0% 30.0% 16 $242.2 $178.0 $211.5 $275.0 21.3 22.5
Computer/Office Equipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied
10 $186.7 $148.5 $182.5 $231.0 10 $68.4 $48.8 $68.0 $101.5 6 40.0% 33.0% 10 $255.0 $197.3 $258.2 $297.0 23.3 23.5
Products)
Mining/Milling/Smelting 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Not-for-Profit 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Real Estate 19 $165.5 $135.0 $155.0 $200.0 16 $57.6 $32.5 $47.5 $76.0 11 35.0% 35.0% 19 $214.0 $170.0 $200.0 $255.0 20.7 20.0
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 15 $190.0 $160.0 $190.0 $215.0 12 $60.3 $32.5 $47.8 $74.0 10 46.0% 35.0% 15 $238.2 $190.0 $223.0 $275.0 20.1 20.0
Service 11 $161.0 $125.0 $150.0 $200.0 10 $42.2 $32.0 $35.0 $50.0 6 21.0% 25.0% 11 $199.4 $150.0 $185.0 $240.0 17.0 12.5
Telecommunications 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Transportation 14 $174.3 $146.0 $175.0 $200.0 11 $69.8 $15.0 $45.0 $105.0 10 28.0% 28.0% 14 $229.2 $169.0 $222.5 $240.0 18.3 18.0
Utilities 7 $201.6 -- $232.0 -- 5 $145.1 -- $108.0 -- 4 -- -- 7 $305.3 -- $279.9 -- 18.6 20.0
Wholesale Distribution 9 $186.5 -- $178.0 -- 7 $42.4 -- $50.0 -- 6 56.0% 53.0% 9 $219.5 -- $220.0 -- 23.3 23.0
Other 13 $189.9 $165.0 $200.0 $206.0 9 $81.7 -- $78.0 -- 7 34.0% 30.0% 13 $246.4 $225.0 $240.0 $305.0 19.7 22.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 34 $189.0 $160.0 $185.0 $205.0 26 $57.3 $35.0 $52.5 $80.0 23 36.0% 30.0% 34 $232.8 $185.0 $220.6 $275.0 20.3 20.5
Mid Atlantic Region 23 $179.5 $144.9 $176.0 $200.0 19 $67.5 $35.0 $56.0 $105.0 10 37.0% 30.0% 23 $235.2 $185.0 $235.0 $266.5 23.4 23.0
South East Region 28 $168.5 $144.3 $156.9 $197.5 22 $43.2 $20.0 $40.8 $56.0 16 27.0% 25.0% 28 $202.5 $166.9 $194.3 $230.0 17.9 18.5
Mississippi Valley Region 50 $193.8 $150.0 $182.5 $215.0 38 $66.1 $30.0 $50.8 $72.0 28 35.0% 30.0% 50 $244.0 $175.0 $222.5 $270.0 21.6 21.0
Mountain Region 41 $170.2 $139.7 $169.0 $200.0 35 $40.9 $15.0 $40.0 $54.0 23 29.0% 25.0% 41 $205.0 $157.2 $200.0 $240.0 18.2 17.0
Western Region 35 $197.6 $152.9 $200.0 $232.0 25 $59.9 $25.0 $40.0 $73.0 13 36.0% 30.0% 35 $240.4 $156.0 $238.0 $283.0 22.3 24.0
2013 Risk and Insurance Management Society, Inc. (RIMS) V-2 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organizations enterprise risk and risk appetite
Cash Compensation
frameworks, and related(All dollarto
processes amounts areorganizations
achieve the displayed inshort-
USD and
$000s)
long-term strategic, financial and operational goals. Directs the development of the organizations risk practices as an interrelated risk portfolio to create, capture and
protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
based operational perspective, an intimate knowledge of internal business processes and understanding of the organizations industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's
concepts, practices, and procedures. Relies on extensive
# of personal leadership skills,
50th pct network of internal
# of and external alliances, experience
50th pct and judgment to plan and accomplish
50th pct goals.
# of Performs a variety of tasks. Leads
50th pct and directs the work ofpct
50th
others. A wide degree of creativity and latitude isResp.
State expected. Key traits
Average 25thfor
pctthe individual
(median) 75thinpct
this position
Resp. are: highly25th
Average developed communications,
pct (median) 75th pct #team player,
of Resp. change (median)
Average agent, strategic and creative,
Resp. Average excellent project management
25th pct (median) skills and(median)
75th pct Average the
ability to drive performance from all areas within the
CA 26 organization.
$204.1 $165.0 $200.0 $235.0 21 $46.9 $25.0 $40.0 $55.0 10 31.0% 35.0% 26 $242.0 $200.0 $241.0 $283.0 22.5 24.5
CO 9 $151.6 -- $156.0 -- 7 $24.7 -- $17.5 -- 5 27.0% 20.0% 9 $170.8 -- $164.5 -- 19.3 17.0
Position level/Reporting Structure: This person typically
FL 11 reports
$178.4 to $155.0
the CEO, President, Principal or 8Executive
$169.0 $200.0 Director--They are
$40.1 identified--as the top6risk executive
$37.5 28.0% in the company and
25.0% 11 may$207.6
be the CFO or COO
$164.7 if these$249.0
$201.0 positions are identified
18.5 as
20.0
the person responsible for all activities relating to risk
GA 7 within the organization.
$170.6 -- $172.0 -- 5 $54.2 -- $45.0 -- 4 -- -- 7 $209.3 -- $200.0 -- 16.0 12.0
IL 15 $224.1 $148.5 $191.0 $270.0 12 $60.1 $35.0 $45.4 $63.0 8 39.0% 33.0% 15 $272.2 $178.0 $248.1 $335.0 19.9 19.0
MA 5 $165.1 -- $155.0 -- 5 $46.0 -- $50.0 -- 5 29.0% 30.0% 5 $211.1 -- $190.7 -- 21.8 21.0
MI 6 $166.4 -- $165.8 -- 4 -- -- -- -- 3 -- -- 6 $188.3 -- $176.8 -- 20.3 17.5
MO 6 $162.5 -- $152.5 -- 4 -- -- -- -- 3 -- -- 6 $188.5 -- $170.0 -- 27.0 27.0
NJ 11 $178.6 $165.0 $170.0 $200.0 8 $41.6 -- $40.5 -- 8 33.0% 23.0% 11 $208.9 $170.0 $205.0 $235.0 17.7 18.0
NY 12 $229.4 $199.0 $225.0 $262.0 11 $74.0 $60.0 $85.0 $90.0 9 47.0% 30.0% 12 $297.3 $250.5 $305.0 $361.5 22.3 28.5
OH 9 $209.0 -- $214.0 -- 7 $96.9 -- $60.0 -- 5 32.0% 25.0% 9 $284.3 -- $244.0 -- 23.0 25.0
PA 13 $158.6 $140.0 $160.0 $180.0 12 $71.0 $40.0 $58.0 $103.2 7 36.0% 30.0% 13 $224.1 $185.0 $235.0 $245.0 21.9 22.0
TN 7 $156.9 -- $145.0 -- 6 $41.3 -- $31.8 -- 5 24.0% 25.0% 7 $192.2 -- $160.0 -- 15.2 12.5
TX 21 $178.2 $160.0 $172.5 $200.0 19 $40.6 $20.8 $40.0 $54.0 12 28.0% 28.0% 21 $214.9 $170.0 $228.0 $250.0 20.7 23.0
WA 5 $184.2 -- $202.0 -- 3 -- -- -- -- 2 -- -- 5 $206.8 -- $237.0 -- 20.4 18.0
WI 8 $188.8 -- $193.0 -- 6 $90.8 -- $62.5 -- 4 -- -- 8 $256.9 -- $254.3 -- 18.1 20.5
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Metro Area Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Atlanta, GA 6 $174.0 -- $178.5 -- 4 -- -- -- -- 3 -- -- 6 $213.3 -- $205.0 -- 18.0 16.0
Boston-Worcester-Lawrence, MA-NH-ME-CT 5 $165.1 -- $155.0 -- 5 $46.0 -- $50.0 -- 5 29.0% 30.0% 5 $211.1 -- $190.7 -- 21.8 21.0
Chicago-Gary-Kenosha, IL-IN-WI 14 $215.8 $148.5 $188.0 $248.1 11 $62.9 $35.0 $48.8 $66.0 8 39.0% 33.0% 14 $265.2 $178.0 $237.5 $297.0 20.4 20.5
Dallas-Fort Worth, TX 12 $176.4 $162.5 $178.0 $195.0 10 $43.3 $32.0 $42.5 $54.0 6 24.0% 28.0% 12 $212.5 $167.5 $225.3 $253.1 22.6 24.5
Denver-Boulder-Greeley, CO 9 $151.6 -- $156.0 -- 7 $24.7 -- $17.5 -- 5 27.0% 20.0% 9 $170.8 -- $164.5 -- 19.3 17.0
Houston-Galveston-Brazoria, TX 6 $169.3 -- $160.5 -- 6 $39.8 -- $37.5 -- 3 -- -- 6 $209.2 -- $202.5 -- 21.7 25.0
Los Angeles-Riverside-Orange County, CA 17 $194.6 $156.0 $195.0 $226.6 13 $50.0 $18.0 $40.0 $55.0 7 29.0% 30.0% 17 $232.8 $169.4 $235.0 $283.0 23.0 25.0
2013 Risk and Insurance Management Society, Inc. (RIMS) V-3 US Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organizations enterprise risk and risk appetite
frameworks,
Respondent and Characteristics
related processes to achieve the organizations short- and long-term strategic, financial and operational goals. Directs the development of the organizations risk practices as an interrelated risk portfolio to create, capture and
protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-
based operational perspective, an intimate knowledge of internal business processes and understanding of the organizations industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's
Gender Long-Term Incentive Eligible
concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of
Male 67.3% Yes 59.2% team player, change agent, strategic and creative, excellent project management skills and the
others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications,
ability to drive performance from all areas within the organization.
Female 29.4% No 40.8%
Did Not Indicate 3.3% Did Not Indicate 0.0%
Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as
the person responsible for all activities relating to risk within the organization.
Degree Type of Long-term Incentives Received*
High School/Associate Degree 6.6% Incentive Stock Options (ISOs) 31.2%
Bachelors 46.0% Non-Qualified Stock Options (NQSOs) 14.4%
MA/MS 8.5% Restricted Stock 52.8%
MBA 26.5% Stock Appreciation Rights (SARs) 11.2%
JD 8.1% Performance Shares 13.6%
MD 0.0% Performance Units 11.2%
Ph.D 0.9% Long-Term Cash 17.6%
Other 3.3% None of the Above Received 3.2%
* Only includes those eligible for LTI
2013 Risk and Insurance Management Society, Inc. (RIMS) V-4 US Data
2013 Risk Management Compensation Survey
See pages 9 though 14 in Section I of this report for a detailed job description of all positions.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 22 $141.7 $125.0 $145.9 $153.0 19 $28.5 $15.0 $25.0 $43.0 16 26.0% 23.0% 22 $166.4 $140.0 $162.2 $183.0 12.3 12.5
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 10 $144.3 $130.0 $146.5 $153.0 8 $33.7 -- $29.0 -- 9 28.0% 25.0% 10 $171.3 $140.0 $168.8 $190.0 9.3 8.0
Private 6 $139.8 -- $144.5 -- 6 $29.7 -- $26.0 -- 4 -- -- 6 $169.5 -- $169.0 -- 16.2 15.0
Government 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Not-for-Profit 5 $148.5 -- $145.7 -- 4 -- -- -- -- 2 -- -- 5 $163.7 -- $153.5 -- 14.0 15.0
Other 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
$100 - $250 Million 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
$250 - $500 Million 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
$500 Million - $1 Billion 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
$1 - $5 Billion 7 $145.2 -- $146.0 -- 6 $28.6 -- $26.0 -- 5 28.0% 25.0% 7 $169.6 -- $175.0 -- 13.9 14.0
$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Bachelors 6 $143.3 -- $137.9 -- 5 $30.2 -- $20.0 -- 2 -- -- 6 $168.4 -- $151.8 -- 15.1 16.5
MA/MS 5 $164.6 -- $155.0 -- 5 $32.0 -- $28.0 -- 4 -- -- 5 $196.6 -- $183.0 -- 12.4 15.0
MBA 11 $130.5 $103.0 $140.0 $153.0 9 $25.7 -- $22.0 -- 10 27.0% 23.0% 11 $151.5 $113.0 $161.5 $176.0 10.7 10.0
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
1 or Fewer 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 1 to 3 5 $135.2 -- $130.0 -- 4 -- -- -- -- 3 -- -- 5 $160.8 -- $150.0 -- 13.2 14.0
From 3 to 5 6 $153.7 -- $147.2 -- 4 -- -- -- -- 5 27.0% 20.0% 6 $178.5 -- $171.5 -- 12.3 12.5
More than 5 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
2013 Risk and Insurance Management Society, Inc. (RIMS) V-5 US Data
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Business/Info
0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Construction/Engineering/Architectural 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Education 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Energy 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Entertainment & Media 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Finance/Banking 4 -- -- -- -- 3 -- -- -- -- 4 -- -- 4 -- -- -- -- -- --
Government 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Healthcare 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Hospitality 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Insurance 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Mfg - Durable (includes Aerospace,
1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Computer/Office Equipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied
2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Products)
Mining/Milling/Smelting 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Real Estate 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Service 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Telecommunications 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Transportation 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Utilities 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Other 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 6 $136.8 -- $147.9 -- 6 $32.0 -- $26.0 -- 4 -- -- 6 $168.8 -- $169.0 -- 15.7 15.0
Mid Atlantic Region 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
South East Region 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Mississippi Valley Region 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Mountain Region 4 -- -- -- -- 3 -- -- -- -- 4 -- -- 4 -- -- -- -- -- --
Western Region 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
2013 Risk and Insurance Management Society, Inc. (RIMS) V-6 US Data
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
State Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Metro Area Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
2013 Risk and Insurance Management Society, Inc. (RIMS) V-7 US Data
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) V-8 US Data
2013 Risk Management Compensation Survey
See pages 9 though 14 in Section I of this report for a detailed job description of all positions.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 123 $135.3 $112.7 $130.0 $157.2 82 $25.1 $9.0 $20.0 $33.0 59 19.0% 20.0% 123 $152.0 $120.0 $135.0 $180.0 14.5 13.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 50 $150.4 $120.0 $147.5 $171.7 41 $30.0 $14.0 $28.0 $35.0 32 22.0% 20.0% 50 $175.0 $133.0 $166.5 $205.0 15.2 13.0
Private 31 $128.5 $106.0 $120.0 $150.0 23 $17.3 $7.0 $12.0 $24.0 16 19.0% 15.0% 31 $141.3 $110.0 $127.0 $163.0 15.0 12.0
Government 21 $110.1 $90.0 $112.0 $120.0 3 -- -- -- -- 1 -- -- 21 $110.4 $90.0 $113.6 $120.0 15.3 13.0
Not-for-Profit 19 $136.3 $120.0 $132.0 $154.0 13 $29.3 $9.6 $20.0 $30.0 8 14.0% 12.0% 19 $156.4 $131.1 $143.0 $178.0 12.4 10.0
Other 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 10 $118.6 $105.0 $111.3 $123.5 5 $22.1 -- $17.0 -- 4 -- -- 10 $129.6 $105.0 $115.0 $129.7 16.7 15.0
$100 - $250 Million 6 $127.7 -- $120.5 -- 3 -- -- -- -- 2 -- -- 6 $138.3 -- $126.0 -- 11.3 8.5
$250 - $500 Million 12 $118.5 $104.0 $117.5 $128.0 9 $14.5 -- $8.0 -- 6 15.0% 13.0% 12 $129.3 $113.0 $121.0 $130.0 17.9 15.5
$500 Million - $1 Billion 16 $131.8 $105.5 $125.5 $157.5 6 $37.0 -- $10.0 -- 2 -- -- 16 $145.7 $108.5 $136.8 $162.5 13.0 11.0
$1 - $5 Billion 46 $139.9 $120.0 $132.5 $156.0 36 $21.3 $10.0 $20.0 $30.0 30 20.0% 20.0% 46 $156.5 $128.5 $155.5 $175.0 15.1 13.0
$5 - $10 Billion 9 $150.2 -- $157.2 -- 5 $39.0 -- $31.5 -- 6 23.0% 23.0% 9 $171.8 -- $185.0 -- 13.3 10.0
Greater than $10 Billion 13 $161.7 $145.0 $167.0 $180.0 12 $41.0 $26.1 $36.8 $63.9 6 21.0% 20.0% 13 $199.5 $155.0 $202.5 $250.0 14.5 12.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Bachelors 50 $134.7 $115.0 $127.5 $155.0 37 $22.4 $9.0 $19.0 $30.0 29 20.0% 20.0% 50 $151.2 $120.1 $143.0 $167.0 13.8 12.5
MA/MS 18 $129.8 $112.7 $120.0 $132.0 10 $21.2 $9.0 $17.0 $25.0 7 18.0% 20.0% 18 $141.6 $120.0 $131.6 $144.0 15.6 16.5
MBA 37 $140.4 $114.0 $135.0 $162.0 24 $25.9 $9.0 $16.0 $40.3 18 17.0% 15.0% 37 $157.2 $120.0 $135.0 $202.0 14.4 12.0
JD 9 $135.6 -- $130.0 -- 4 -- -- -- -- 1 -- -- 9 $157.6 -- $150.0 -- 12.6 8.0
Ph.D 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 25 $123.9 $100.0 $120.0 $144.5 16 $16.8 $8.5 $12.0 $29.0 10 17.0% 18.0% 25 $134.6 $107.6 $129.0 $163.0 11.2 9.0
1 or Fewer 18 $135.1 $112.7 $127.5 $155.0 12 $18.1 $8.2 $15.5 $27.5 11 18.0% 15.0% 18 $147.1 $120.0 $134.1 $162.0 15.9 12.5
From 1 to 3 31 $140.4 $120.0 $135.0 $161.2 21 $32.4 $6.0 $30.0 $45.0 16 20.0% 19.0% 31 $162.3 $121.0 $155.0 $200.0 13.6 12.0
From 3 to 5 21 $148.4 $120.0 $135.0 $160.0 16 $33.1 $16.0 $25.0 $47.1 11 22.0% 25.0% 21 $173.6 $121.0 $166.0 $202.5 18.4 15.0
More than 5 15 $135.7 $112.0 $130.0 $159.0 9 $21.1 -- $24.0 -- 6 23.0% 20.0% 15 $148.3 $113.6 $143.0 $189.0 18.6 20.0
2013 Risk and Insurance Management Society, Inc. (RIMS) V-9 US Data
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Business/Info
1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology 6 $144.7 -- $146.0 -- 5 $26.4 -- $30.0 -- 6 22.0% 20.0% 6 $166.7 -- $166.5 -- 12.0 13.0
Computer Software/Services 4 -- -- -- -- 3 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Construction/Engineering/Architectural 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Education 4 -- -- -- -- 0 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Energy 5 $123.4 -- $112.0 -- 5 $8.8 -- $9.0 -- 2 -- -- 5 $132.2 -- $115.5 -- 11.8 10.0
Entertainment & Media 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Finance/Banking 10 $148.4 $120.0 $122.3 $180.0 7 $33.4 -- $30.0 -- 3 -- -- 10 $171.8 $123.5 $141.5 $246.0 9.2 6.0
Government 9 $110.8 -- $110.0 -- 1 -- -- -- -- 0 -- -- 9 $111.3 -- $115.0 -- 16.6 15.0
Healthcare 8 $138.3 -- $133.5 -- 4 -- -- -- -- 2 -- -- 8 $162.0 -- $139.0 -- 17.5 17.5
Hospitality 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Insurance 15 $121.0 $106.0 $120.0 $135.0 10 $16.7 $8.4 $16.0 $26.0 10 16.0% 16.0% 15 $132.1 $106.0 $129.6 $165.0 10.1 5.0
Mfg - Durable (includes Aerospace,
14 $142.4 $106.0 $146.5 $160.0 11 $23.6 $10.0 $17.0 $40.5 7 19.0% 20.0% 14 $160.9 $133.0 $158.5 $200.0 18.3 17.5
Computer/Office Equipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied
5 $124.0 -- $118.0 -- 5 $14.0 -- $12.0 -- 2 -- -- 5 $138.0 -- $127.0 -- 19.2 23.0
Products)
Mining/Milling/Smelting 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Real Estate 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 6 $139.5 -- $138.5 -- 5 $17.1 -- $10.0 -- 5 19.0% 20.0% 6 $153.8 -- $147.3 -- 13.7 14.0
Service 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Telecommunications 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Transportation 6 $142.5 -- $156.3 -- 4 -- -- -- -- 3 -- -- 6 $176.7 -- $176.3 -- 17.3 19.5
Utilities 9 $130.3 -- $120.0 -- 6 $13.7 -- $9.5 -- 5 12.0% 12.0% 9 $139.4 -- $129.0 -- 10.6 9.0
Wholesale Distribution 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Other 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 19 $140.9 $120.0 $130.0 $167.0 13 $19.5 $9.0 $20.0 $30.0 13 15.0% 15.0% 19 $154.2 $125.0 $132.0 $192.7 9.2 7.0
Mid Atlantic Region 10 $140.9 $110.0 $125.0 $180.0 6 $39.9 -- $43.5 -- 2 -- -- 10 $164.9 $119.0 $126.3 $243.0 15.9 11.5
South East Region 13 $126.8 $93.0 $120.0 $128.0 6 $17.2 -- $18.5 -- 4 -- -- 13 $134.8 $101.4 $120.0 $140.0 15.1 10.0
Mississippi Valley Region 24 $132.3 $108.5 $126.8 $155.5 19 $25.7 $10.0 $25.0 $35.0 14 23.0% 20.0% 24 $152.7 $121.8 $142.1 $179.0 11.8 10.0
Mountain Region 17 $130.7 $114.0 $130.0 $155.0 12 $16.7 $8.0 $11.0 $21.5 5 11.0% 10.0% 17 $142.5 $123.0 $135.0 $163.0 16.5 15.0
Western Region 40 $137.7 $112.3 $132.5 $153.6 26 $29.7 $10.0 $22.0 $40.0 21 22.0% 20.0% 40 $157.0 $117.3 $149.8 $194.0 17.3 20.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
State Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
CA 18 $148.6 $120.0 $146.3 $171.7 13 $27.1 $10.0 $19.0 $30.0 11 25.0% 25.0% 18 $168.2 $129.7 $157.5 $210.0 20.7 22.0
FL 5 $150.0 -- $120.0 -- 2 -- -- -- -- 1 -- -- 5 $159.4 -- $120.0 -- 18.4 15.0
NY 8 $140.5 -- $120.0 -- 6 $19.3 -- $21.0 -- 5 17.0% 17.0% 8 $155.0 -- $130.3 -- 8.0 6.0
OH 7 $133.9 -- $130.0 -- 5 $23.0 -- $14.1 -- 6 28.0% 20.0% 7 $150.3 -- $130.0 -- 12.9 14.0
TX 10 $129.6 $114.0 $125.0 $154.0 7 $18.4 -- $10.0 -- 2 -- -- 10 $142.5 $123.0 $133.5 $160.0 14.6 11.5
WA 13 $125.8 $106.0 $125.0 $135.0 7 $27.2 -- $26.0 -- 6 19.0% 20.0% 13 $140.4 $107.6 $135.0 $156.0 13.4 14.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Metro Area Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
New York-Northern New Jersey-Long Island, NY-
12 $146.3 $120.0 $138.5 $174.5 8 $23.1 -- $30.0 -- 8 16.0% 18.0% 12 $161.7 $128.8 $153.5 $199.5 9.5 9.5
NJ-CT-PA
San Diego, CA 5 $141.7 -- $147.0 -- 5 $33.3 -- $20.0 -- 5 27.0% 25.0% 5 $175.0 -- $166.0 -- 18.8 13.0
San Francisco-Oakland-San Jose, CA 8 $158.2 -- $146.8 -- 5 $24.4 -- $14.0 -- 3 -- -- 8 $173.4 -- $158.5 -- 24.4 25.0
Seattle-Tacoma-Bremerton, WA 9 $131.8 -- $130.0 -- 5 $31.9 -- $30.0 -- 4 -- -- 9 $149.5 -- $135.0 -- 12.4 7.5
Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief
Financial Officer, Chief Risk Officer, or other corporate level officer designee.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 770 $133.4 $105.0 $129.0 $154.0 493 $33.2 $13.0 $25.0 $44.5 348 23.0% 20.0% 770 $154.6 $111.0 $142.9 $184.0 20.0 20.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 346 $148.2 $120.0 $145.0 $171.0 284 $39.6 $20.0 $32.0 $50.0 223 25.0% 25.0% 346 $180.7 $138.0 $170.0 $210.0 20.1 20.0
Private 229 $128.4 $105.0 $124.0 $145.0 160 $27.0 $10.0 $19.0 $33.8 100 22.0% 20.0% 229 $147.3 $113.0 $138.0 $165.0 18.8 20.0
Government 101 $106.5 $94.0 $103.0 $120.0 9 $15.7 -- $4.0 -- 2 -- -- 101 $107.9 $94.0 $103.0 $122.0 22.5 22.5
Not-for-Profit 77 $122.8 $98.0 $119.2 $145.0 30 $14.3 $3.8 $13.3 $19.7 18 11.0% 10.0% 77 $128.3 $101.9 $122.8 $150.0 20.1 20.0
Other 17 $105.4 $88.0 $102.0 $120.0 10 $21.2 $4.5 $27.2 $33.0 5 23.0% 30.0% 17 $117.9 $97.0 $119.0 $137.0 19.4 18.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 51 $105.5 $90.0 $102.0 $118.0 17 $12.2 $5.0 $7.5 $15.0 12 14.0% 15.0% 51 $109.6 $94.0 $105.0 $130.0 19.1 20.0
$100 - $250 Million 53 $112.5 $89.0 $105.0 $125.0 25 $17.6 $9.0 $10.1 $20.0 12 18.0% 16.0% 53 $120.8 $89.0 $113.0 $140.0 18.3 20.0
$250 - $500 Million 71 $116.1 $95.0 $107.4 $132.0 36 $29.1 $9.5 $19.5 $33.5 23 20.0% 20.0% 71 $130.9 $96.0 $116.0 $149.7 19.3 20.0
$500 Million - $1 Billion 103 $119.1 $100.0 $115.0 $130.0 53 $25.5 $10.0 $16.0 $30.0 40 16.0% 15.0% 103 $132.2 $103.0 $123.1 $150.0 19.6 20.0
$1 - $5 Billion 225 $134.1 $115.0 $131.0 $151.3 160 $29.6 $15.0 $23.3 $37.3 109 24.0% 20.0% 225 $155.1 $124.0 $150.0 $175.0 20.8 21.0
$5 - $10 Billion 92 $147.4 $129.0 $145.3 $170.5 74 $34.5 $16.0 $29.0 $48.0 60 26.0% 20.0% 92 $175.2 $140.0 $162.5 $205.5 21.1 21.8
Greater than $10 Billion 143 $165.7 $132.7 $157.0 $190.0 116 $49.8 $25.0 $43.0 $62.0 86 28.0% 25.0% 143 $206.1 $155.0 $196.0 $231.3 20.7 20.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 46 $122.3 $94.0 $111.5 $147.0 27 $32.4 $10.0 $20.0 $43.0 19 28.0% 25.0% 46 $141.3 $94.0 $131.4 $168.0 21.7 22.0
Bachelors 372 $133.1 $105.5 $130.0 $150.0 242 $32.4 $13.0 $25.0 $42.0 169 24.0% 20.0% 372 $154.2 $113.3 $144.5 $180.0 20.5 20.0
MA/MS 66 $118.8 $101.0 $116.7 $134.0 33 $25.2 $10.0 $20.0 $40.0 18 25.0% 22.0% 66 $131.4 $107.4 $123.0 $151.6 20.4 21.0
MBA 204 $141.2 $111.5 $135.0 $163.2 151 $37.2 $15.0 $30.0 $48.0 111 23.0% 20.0% 204 $168.7 $121.3 $155.0 $203.0 19.5 20.0
JD 50 $140.7 $105.0 $133.5 $170.0 23 $31.9 $8.0 $22.0 $39.0 20 20.0% 20.0% 50 $155.4 $112.8 $140.5 $178.0 16.7 15.5
Ph.D 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 135 $119.7 $100.0 $115.0 $140.0 87 $24.1 $7.8 $20.0 $36.0 55 20.0% 18.0% 135 $135.2 $105.0 $126.0 $155.0 18.7 20.0
1 or Fewer 110 $127.6 $100.0 $121.7 $145.0 79 $33.4 $14.8 $25.0 $43.0 56 23.0% 20.0% 110 $151.6 $105.0 $138.0 $175.0 18.5 18.5
From 1 to 3 230 $135.1 $110.0 $131.0 $157.0 144 $32.4 $14.5 $26.9 $44.1 107 25.0% 20.0% 230 $155.4 $116.0 $148.5 $185.0 20.5 20.0
From 3 to 5 132 $143.7 $114.0 $134.2 $161.0 86 $35.8 $12.5 $25.0 $47.6 60 25.0% 20.0% 132 $167.1 $121.4 $149.7 $204.3 21.0 21.5
More than 5 105 $138.7 $105.0 $131.0 $165.0 61 $41.5 $16.0 $30.0 $45.0 42 24.0% 25.0% 105 $162.8 $112.8 $150.0 $197.0 20.3 20.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 141 $154.5 $124.0 $145.0 $180.0 102 $40.8 $19.0 $30.0 $52.0 69 26.0% 22.0% 141 $184.0 $137.7 $173.6 $210.0 20.4 20.0
Mid Atlantic Region 91 $132.0 $113.0 $130.0 $148.0 59 $29.6 $8.5 $24.0 $45.0 38 22.0% 20.0% 91 $151.3 $117.0 $147.2 $170.0 21.3 22.0
South East Region 119 $123.2 $97.0 $116.0 $145.0 68 $33.1 $11.3 $24.5 $40.0 45 24.0% 20.0% 119 $142.1 $100.0 $132.0 $171.0 20.5 20.0
Mississippi Valley Region 161 $130.0 $105.0 $125.0 $145.0 111 $30.5 $12.5 $25.0 $41.2 90 24.0% 20.0% 161 $151.0 $113.0 $142.0 $175.1 19.8 20.0
Mountain Region 135 $126.4 $97.7 $120.0 $150.0 85 $35.1 $12.0 $25.0 $45.0 56 20.0% 20.0% 135 $148.5 $103.0 $128.0 $175.0 19.9 20.0
Western Region 123 $132.1 $100.0 $129.1 $160.0 68 $26.8 $10.0 $20.0 $37.0 50 23.0% 20.0% 123 $146.9 $105.0 $135.0 $170.0 18.7 18.0
Boston-Worcester-Lawrence, MA-NH-ME-CT 16 $126.9 $112.5 $122.5 $140.5 9 $24.8 -- $20.0 -- 7 20.0% 20.0% 16 $140.8 $115.0 $133.7 $159.9 16.1 16.0
Charlotte-Gastonia-Rock Hill, NC-SC 10 $128.6 $116.0 $124.2 $134.8 8 $19.2 -- $16.0 -- 7 25.0% 16.0% 10 $144.0 $122.9 $147.5 $158.3 20.0 24.0
Chicago-Gary-Kenosha, IL-IN-WI 47 $141.3 $113.0 $138.0 $164.4 32 $33.1 $12.0 $25.0 $50.0 28 24.0% 25.0% 47 $163.8 $122.5 $150.0 $204.0 20.9 20.0
Cincinnati-Hamilton, OH-KY-IN 6 $118.0 -- $117.7 -- 4 -- -- -- -- 2 -- -- 6 $135.9 -- $128.9 -- 16.3 16.5
Cleveland-Akron, OH 9 $118.9 -- $125.0 -- 8 $30.4 -- $29.5 -- 5 19.0% 20.0% 9 $146.0 -- $158.0 -- 17.8 17.0
Columbus, OH 8 $138.4 -- $135.0 -- 5 $35.9 -- $42.0 -- 5 20.0% 20.0% 8 $160.9 -- $140.5 -- 20.8 19.5
Dallas-Fort Worth, TX 34 $135.7 $110.0 $128.5 $150.0 29 $37.1 $11.2 $25.0 $46.3 15 19.0% 20.0% 34 $167.4 $122.9 $147.9 $195.0 18.9 20.0
Denver-Boulder-Greeley, CO 27 $114.5 $95.0 $109.0 $131.0 11 $21.9 $12.0 $15.0 $40.0 11 18.0% 18.0% 27 $123.4 $96.0 $118.0 $143.0 19.7 20.0
Detroit-Ann Arbor-Flint, MI 6 $162.7 -- $148.5 -- 5 $57.3 -- $43.0 -- 4 -- -- 6 $210.5 -- $191.0 -- 22.7 24.0
Los Angeles-Riverside-Orange County, CA 33 $147.9 $123.0 $150.0 $162.0 20 $33.6 $11.9 $29.0 $47.5 13 23.0% 25.0% 33 $168.3 $128.0 $160.0 $199.0 21.3 22.0
Memphis, TN-AR-MS 6 $123.4 -- $123.0 -- 5 $25.5 -- $30.0 -- 2 -- -- 6 $144.7 -- $135.0 -- 18.3 17.0
Miami-Fort Lauderdale, FL 11 $124.8 $105.0 $120.0 $145.0 6 $21.1 -- $22.5 -- 3 -- -- 11 $136.3 $105.0 $140.0 $163.5 24.5 25.0
Milwaukee-Racine, WI 12 $118.4 $91.6 $111.0 $138.9 9 $21.1 -- $24.0 -- 7 18.0% 20.0% 12 $134.2 $98.6 $124.5 $170.2 18.2 16.5
Minneapolis-St. Paul, MN-WI 16 $133.9 $116.0 $131.0 $147.5 14 $26.4 $11.5 $27.5 $35.0 10 25.0% 25.0% 16 $157.0 $130.3 $146.5 $180.0 22.1 23.0
Nashville, TN 14 $128.9 $82.0 $127.5 $147.5 10 $32.4 $5.0 $27.5 $43.0 7 17.0% 20.0% 14 $152.0 $87.0 $146.5 $177.5 19.4 19.5
New York-Northern New Jersey-Long Island, NY-
101 $163.9 $135.0 $152.0 $188.0 79 $42.9 $20.0 $30.0 $55.0 50 27.0% 25.0% 101 $197.4 $149.0 $180.0 $216.9 20.5 20.0
NJ-CT-PA
Orlando, FL 5 $117.7 -- $113.0 -- 3 -- -- -- -- 1 -- -- 5 $130.5 -- $113.0 -- 24.0 22.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
21 $135.6 $116.4 $130.0 $147.0 14 $33.1 $16.0 $25.5 $45.0 9 30.0% 20.0% 21 $157.7 $125.0 $155.0 $175.5 20.6 20.0
MD
Phoenix, AZ 10 $124.2 $105.0 $120.0 $149.3 6 $30.7 -- $27.5 -- 5 27.0% 20.0% 10 $142.6 $105.0 $142.2 $160.0 19.3 17.0
Pittsburgh, PA 10 $146.1 $139.5 $150.0 $159.0 8 $52.3 -- $54.0 -- 6 26.0% 28.0% 10 $188.0 $165.0 $199.9 $218.0 17.5 17.0
Portland-Salem, OR-WA 15 $107.7 $94.5 $103.0 $125.6 9 $12.3 -- $10.0 -- 5 15.0% 13.0% 15 $115.1 $99.6 $107.0 $135.0 19.2 18.0
Providence-Fall River-Warwick, RI-MA 5 $154.3 -- $156.0 -- 4 -- -- -- -- 3 -- -- 5 $199.7 -- $211.0 -- 22.6 18.0
Raleigh-Durham-Chapel Hill, NC 6 $130.0 -- $131.5 -- 4 -- -- -- -- 1 -- -- 6 $145.2 -- $140.4 -- 23.0 21.5
Richmond-Petersburg, VA 7 $144.0 -- $130.0 -- 6 $40.2 -- $15.6 -- 4 -- -- 7 $178.5 -- $147.2 -- 23.4 26.0
Salt Lake City-Ogden, UT 6 $131.4 -- $112.5 -- 5 $31.3 -- $25.0 -- 4 -- -- 6 $157.5 -- $135.0 -- 16.5 18.5
San Antonio, TX 8 $131.4 -- $135.0 -- 5 $24.5 -- $24.5 -- 4 -- -- 8 $146.7 -- $150.0 -- 24.0 25.5
San Diego, CA 8 $124.2 -- $118.0 -- 3 -- -- -- -- 1 -- -- 8 $129.8 -- $121.2 -- 21.3 20.5
San Francisco-Oakland-San Jose, CA 25 $153.6 $126.0 $160.0 $180.0 14 $37.0 $18.3 $32.0 $55.0 12 23.0% 23.0% 25 $174.3 $126.0 $165.0 $213.1 16.6 18.0
Seattle-Tacoma-Bremerton, WA 10 $122.5 $100.0 $118.0 $133.0 4 -- -- -- -- 4 -- -- 10 $130.5 $100.0 $123.5 $154.0 21.6 25.5
St. Louis, MO-IL 8 $122.7 -- $122.5 -- 5 $23.5 -- $19.0 -- 5 23.0% 20.0% 8 $137.4 -- $133.9 -- 21.3 23.5
Respondent Characteristics
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 359 $102.1 $85.0 $99.0 $115.0 216 $15.4 $6.2 $11.0 $20.0 144 19.0% 15.0% 359 $111.4 $88.0 $104.5 $129.0 15.4 14.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 181 $107.5 $86.0 $104.9 $119.0 128 $17.6 $8.0 $14.8 $20.2 99 20.0% 15.0% 181 $119.9 $91.9 $114.0 $136.0 15.2 13.0
Private 87 $99.7 $81.0 $97.0 $115.5 66 $12.7 $6.1 $10.0 $16.0 36 19.0% 15.0% 87 $109.3 $89.0 $105.0 $129.5 14.0 12.0
Government 44 $94.0 $82.6 $93.0 $103.8 6 $16.8 -- $2.0 -- 3 -- -- 44 $96.3 $82.6 $93.0 $106.0 18.2 18.0
Not-for-Profit 34 $89.9 $80.0 $91.1 $95.0 10 $7.2 $4.8 $7.3 $10.0 2 -- -- 34 $92.0 $80.0 $92.0 $102.0 16.5 17.5
Other 13 $103.6 $93.6 $100.0 $110.0 6 $11.8 -- $12.8 -- 4 -- -- 13 $109.1 $93.6 $105.0 $116.2 16.7 15.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 23 $82.2 $69.0 $80.0 $93.0 8 $4.9 -- $2.6 -- 5 10.0% 10.0% 23 $83.9 $69.0 $82.2 $98.1 15.5 13.0
$100 - $250 Million 17 $95.3 $77.0 $96.0 $107.9 8 $13.5 -- $11.0 -- 2 -- -- 17 $101.7 $89.0 $96.0 $113.0 17.9 16.8
$250 - $500 Million 25 $90.7 $80.0 $91.6 $103.7 13 $15.2 $2.0 $4.8 $21.0 2 -- -- 25 $98.6 $82.0 $93.6 $108.5 13.8 12.0
$500 Million - $1 Billion 32 $102.5 $81.5 $93.8 $110.0 14 $10.8 $7.0 $8.8 $14.0 8 13.0% 10.0% 32 $107.2 $84.5 $95.5 $111.5 16.4 15.5
$1 - $5 Billion 112 $102.4 $85.8 $99.5 $114.8 76 $13.5 $6.7 $10.9 $17.3 55 18.0% 15.0% 112 $111.5 $90.6 $105.5 $129.5 14.8 12.0
$5 - $10 Billion 45 $103.4 $91.0 $103.0 $115.0 36 $12.8 $6.8 $10.8 $18.6 19 24.0% 15.0% 45 $113.6 $100.0 $113.0 $129.0 17.1 16.0
Greater than $10 Billion 80 $115.3 $95.1 $110.5 $125.0 53 $23.8 $10.4 $18.0 $26.0 48 20.0% 16.0% 80 $131.1 $100.3 $121.3 $140.5 16.2 14.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 36 $88.6 $77.0 $87.8 $93.5 14 $13.0 $5.6 $10.5 $20.0 12 27.0% 11.0% 36 $93.6 $77.0 $90.0 $101.8 19.0 20.5
Bachelors 192 $102.9 $85.0 $100.0 $113.5 130 $15.3 $5.9 $10.9 $19.0 85 17.0% 15.0% 192 $113.3 $89.0 $104.8 $127.0 15.3 13.0
MA/MS 27 $101.5 $85.0 $100.0 $111.0 13 $10.5 $8.0 $10.0 $14.9 9 25.0% 15.0% 27 $106.6 $90.0 $105.0 $116.9 17.6 17.0
MBA 76 $105.5 $89.5 $104.5 $119.0 43 $17.5 $8.0 $16.0 $21.8 27 18.0% 15.0% 76 $115.4 $92.1 $113.4 $135.0 14.4 12.5
JD 8 $106.3 -- $108.0 -- 5 $9.4 -- $10.0 -- 3 -- -- 8 $112.1 -- $115.0 -- 9.3 9.0
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 167 $99.6 $81.9 $95.0 $110.0 105 $13.7 $6.1 $10.8 $19.0 67 19.0% 15.0% 167 $108.2 $85.0 $103.7 $126.0 15.1 13.0
1 or Fewer 66 $103.6 $85.0 $100.2 $118.0 49 $14.2 $7.0 $10.0 $20.0 34 22.0% 15.0% 66 $114.1 $90.0 $110.1 $130.0 14.5 12.0
From 1 to 3 60 $102.5 $88.5 $100.0 $113.9 26 $14.6 $5.0 $14.3 $16.5 16 15.0% 15.0% 60 $108.8 $89.3 $104.4 $116.8 15.0 13.0
From 3 to 5 22 $102.4 $90.0 $102.5 $119.0 13 $15.7 $8.3 $14.9 $18.0 7 17.0% 15.0% 22 $111.7 $90.0 $108.2 $130.0 15.8 15.9
More than 5 19 $115.3 $80.0 $113.0 $131.0 11 $34.7 $10.0 $16.5 $45.0 9 24.0% 20.0% 19 $135.4 $90.0 $120.0 $150.0 16.6 17.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Agriculture 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Business/Info
6 $99.3 -- $87.5 -- 4 -- -- -- -- 3 -- -- 6 $104.9 -- $91.8 -- 14.2 13.0
Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology 13 $118.4 $104.0 $117.8 $134.0 10 $15.6 $14.0 $16.6 $20.0 8 13.0% 12.0% 13 $130.4 $120.0 $136.0 $146.0 13.1 12.0
Computer Software/Services 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Construction/Engineering/Architectural 15 $113.2 $80.5 $103.0 $115.0 9 $12.1 -- $12.0 -- 5 14.0% 15.0% 15 $120.4 $81.0 $106.0 $127.0 16.1 15.0
Education 7 $86.5 -- $80.0 -- 2 -- -- -- -- 2 -- -- 7 $89.7 -- $80.0 -- 16.1 14.0
Energy 24 $119.3 $96.8 $112.8 $136.1 22 $26.2 $10.0 $20.0 $37.5 12 33.0% 23.0% 24 $143.3 $108.3 $140.5 $154.1 15.8 14.5
Entertainment & Media 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Finance/Banking 17 $101.9 $81.4 $95.0 $107.5 9 $29.7 -- $23.5 -- 6 34.0% 28.0% 17 $117.7 $81.4 $104.5 $136.0 15.6 15.0
Government 26 $91.4 $79.2 $91.8 $100.3 2 -- -- -- -- 2 -- -- 26 $91.6 $79.2 $91.8 $102.0 19.5 19.0
Healthcare 23 $97.7 $85.0 $92.0 $104.2 8 $18.8 -- $13.9 -- 5 22.0% 25.0% 23 $104.2 $85.0 $95.0 $110.0 16.8 16.0
Hospitality 8 $83.7 -- $79.5 -- 5 $7.9 -- $8.0 -- 2 -- -- 8 $88.7 -- $87.5 -- 12.9 12.5
Insurance 18 $95.2 $89.9 $94.5 $104.0 11 $8.2 $3.5 $7.2 $10.0 9 10.0% 10.0% 18 $100.3 $90.0 $97.1 $113.0 16.2 14.5
Mfg - Durable (includes Aerospace,
37 $106.3 $83.0 $100.0 $125.0 24 $15.4 $5.0 $11.0 $20.5 19 24.0% 15.0% 37 $116.3 $85.0 $105.0 $135.0 14.5 14.0
Computer/Office Equipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied
19 $109.4 $93.0 $108.0 $126.0 15 $12.9 $7.0 $10.5 $16.5 8 14.0% 15.0% 19 $119.6 $102.0 $119.0 $135.0 11.2 10.0
Products)
Mining/Milling/Smelting 8 $106.3 -- $108.5 -- 5 $8.4 -- $5.0 -- 3 -- -- 8 $111.6 -- $110.3 -- 20.5 24.0
Not-for-Profit 6 $90.6 -- $73.5 -- 2 -- -- -- -- 0 -- -- 6 $91.4 -- $73.6 -- 12.1 8.5
Real Estate 11 $98.1 $85.0 $96.0 $103.0 6 $17.0 -- $13.0 -- 4 -- -- 11 $107.4 $92.2 $100.0 $122.5 11.3 8.0
Research & Development 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Retail 18 $97.6 $83.0 $89.0 $113.0 13 $11.0 $6.0 $8.5 $11.0 12 20.0% 12.0% 18 $105.6 $85.0 $98.8 $119.4 13.6 12.5
Service 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Telecommunications 5 $102.0 -- $102.0 -- 5 $15.4 -- $14.9 -- 4 -- -- 5 $117.3 -- $116.9 -- 13.8 10.0
Transportation 19 $95.7 $80.0 $96.0 $110.0 11 $17.9 $12.2 $16.0 $22.0 7 20.0% 20.0% 19 $106.1 $88.0 $102.0 $129.0 15.5 14.0
Utilities 32 $104.5 $92.3 $104.5 $114.7 18 $18.3 $7.0 $9.8 $18.0 10 13.0% 10.0% 32 $114.8 $99.1 $108.0 $127.7 18.7 19.5
Wholesale Distribution 9 $95.7 -- $90.0 -- 6 $11.6 -- $11.0 -- 7 26.0% 15.0% 9 $103.5 -- $104.0 -- 14.4 10.0
Other 23 $103.9 $85.0 $100.0 $108.0 19 $13.3 $7.6 $12.0 $16.0 9 18.0% 20.0% 23 $114.9 $95.4 $108.9 $120.9 15.1 12.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 45 $108.0 $90.0 $103.0 $120.0 28 $17.2 $7.8 $14.9 $24.3 21 18.0% 15.0% 45 $118.7 $94.0 $114.0 $131.8 13.1 11.0
Mid Atlantic Region 46 $99.8 $83.0 $96.9 $110.0 28 $11.9 $8.8 $11.0 $15.0 21 18.0% 15.0% 46 $107.1 $89.0 $105.0 $120.0 17.0 15.0
South East Region 42 $92.9 $80.0 $91.5 $104.0 24 $13.5 $3.8 $8.5 $18.0 18 17.0% 15.0% 42 $100.6 $85.0 $96.5 $109.0 17.3 18.0
Mississippi Valley Region 105 $100.6 $84.6 $98.0 $115.0 62 $17.0 $6.1 $13.5 $20.0 45 18.0% 15.0% 105 $110.6 $85.0 $102.0 $124.9 16.2 15.0
Mountain Region 60 $107.0 $81.8 $99.5 $123.1 42 $19.8 $7.9 $14.8 $22.0 24 26.0% 18.0% 60 $120.9 $87.0 $105.3 $141.9 14.9 13.5
Western Region 61 $103.8 $89.0 $100.0 $119.0 32 $9.6 $4.5 $9.8 $13.5 15 17.0% 12.0% 61 $108.8 $92.0 $107.9 $125.0 14.0 13.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
State Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
AZ 6 $101.3 -- $94.0 -- 5 $8.6 -- $10.0 -- 0 -- -- 6 $108.5 -- $101.0 -- 13.7 14.5
CA 33 $110.9 $95.8 $106.0 $129.0 19 $9.7 $3.5 $10.0 $14.5 12 19.0% 15.0% 33 $116.5 $103.5 $114.0 $131.0 11.6 9.0
CO 7 $111.3 -- $104.0 -- 4 -- -- -- -- 1 -- -- 7 $116.1 -- $104.0 -- 16.1 15.0
CT 5 $94.9 -- $85.0 -- 2 -- -- -- -- 2 -- -- 5 $101.7 -- $85.0 -- 7.6 8.0
DC 5 $118.3 -- $105.0 -- 3 -- -- -- -- 2 -- -- 5 $123.6 -- $114.5 -- 26.0 28.0
FL 17 $89.8 $84.0 $90.5 $100.0 8 $8.1 -- $5.8 -- 9 15.0% 15.0% 17 $93.7 $85.1 $90.5 $103.3 19.9 22.0
GA 12 $89.8 $74.5 $87.0 $102.0 7 $17.1 -- $7.0 -- 4 -- -- 12 $99.8 $78.5 $89.5 $102.0 12.1 11.0
IL 30 $108.7 $88.0 $103.5 $125.0 21 $19.8 $9.0 $18.2 $28.0 16 19.0% 20.0% 30 $122.6 $95.4 $118.1 $140.0 16.4 15.0
IN 6 $95.3 -- $87.5 -- 4 -- -- -- -- 4 -- -- 6 $108.3 -- $96.6 -- 11.1 12.0
MA 6 $114.3 -- $110.3 -- 4 -- -- -- -- 3 -- -- 6 $133.4 -- $133.5 -- 14.2 15.0
MI 11 $102.3 $86.0 $104.0 $120.0 7 $11.9 -- $10.0 -- 3 -- -- 11 $109.8 $90.0 $104.0 $122.0 17.5 16.0
MN 15 $106.2 $85.0 $100.3 $125.0 8 $23.2 -- $10.2 -- 6 19.0% 18.0% 15 $118.6 $85.0 $100.3 $135.4 17.8 13.0
MO 13 $87.7 $74.0 $82.0 $104.2 4 -- -- -- -- 5 10.0% 10.0% 13 $90.3 $78.5 $82.0 $104.2 14.6 12.0
NC 5 $86.0 -- $86.9 -- 1 -- -- -- -- 1 -- -- 5 $87.0 -- $91.9 -- 13.2 12.0
NJ 17 $107.4 $92.6 $113.0 $117.8 11 $13.2 $5.6 $14.0 $20.0 6 14.0% 13.0% 17 $115.9 $98.1 $115.0 $130.0 12.8 12.0
NY 13 $117.8 $96.0 $103.0 $130.0 7 $20.8 -- $14.7 -- 8 15.0% 15.0% 13 $129.1 $96.0 $112.7 $155.0 14.4 13.0
OH 13 $90.4 $81.4 $90.0 $102.0 8 $14.6 -- $7.0 -- 7 32.0% 20.0% 13 $99.4 $81.4 $96.0 $110.0 12.0 11.0
PA 19 $97.0 $80.0 $98.5 $110.0 15 $12.6 $9.7 $11.0 $15.0 10 24.0% 15.0% 19 $107.0 $89.0 $108.0 $121.0 17.1 15.0
TN 5 $104.0 -- $100.0 -- 3 -- -- -- -- 1 -- -- 5 $116.9 -- $109.0 -- 20.4 22.0
TX 37 $103.0 $79.0 $95.0 $122.0 26 $20.8 $7.9 $14.5 $28.0 18 30.0% 20.0% 37 $117.6 $81.0 $104.0 $141.4 15.4 14.0
VA 11 $104.2 $92.0 $95.0 $125.0 6 $10.3 -- $13.4 -- 5 14.0% 15.0% 11 $109.8 $92.0 $107.0 $135.0 15.8 13.0
WA 9 $91.6 -- $87.6 -- 5 $11.5 -- $8.6 -- 2 -- -- 9 $98.0 -- $93.5 -- 16.9 15.0
WI 12 $100.1 $77.0 $99.5 $112.2 7 $14.0 -- $11.0 -- 3 -- -- 12 $108.3 $81.0 $100.0 $127.7 18.1 20.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Metro Area Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Atlanta, GA 10 $90.3 $74.0 $84.5 $104.0 6 $17.8 -- $6.0 -- 4 -- -- 10 $101.0 $77.0 $85.5 $104.0 12.0 11.0
Boston-Worcester-Lawrence, MA-NH-ME-CT 5 $117.0 -- $113.0 -- 5 $23.8 -- $23.5 -- 4 -- -- 5 $140.8 -- $136.0 -- 13.4 18.0
Chicago-Gary-Kenosha, IL-IN-WI 29 $105.4 $88.0 $102.0 $119.0 21 $17.2 $9.0 $18.0 $25.0 16 18.0% 18.0% 29 $117.9 $95.4 $116.2 $136.0 15.6 12.0
Cleveland-Akron, OH 6 $95.9 -- $95.5 -- 3 -- -- -- -- 1 -- -- 6 $105.0 -- $98.5 -- 16.3 14.5
Dallas-Fort Worth, TX 10 $90.8 $68.1 $80.3 $124.2 6 $14.7 -- $14.5 -- 5 10.0% 10.0% 10 $99.6 $68.2 $84.3 $141.4 12.7 13.5
Denver-Boulder-Greeley, CO 6 $112.6 -- $112.0 -- 4 -- -- -- -- 1 -- -- 6 $118.1 -- $113.5 -- 16.8 17.5
Detroit-Ann Arbor-Flint, MI 8 $99.6 -- $100.5 -- 4 -- -- -- -- 1 -- -- 8 $103.0 -- $103.0 -- 14.1 13.0
Houston-Galveston-Brazoria, TX 21 $115.2 $93.6 $105.0 $134.0 17 $25.0 $9.9 $20.0 $39.0 10 37.0% 23.0% 21 $135.5 $102.0 $130.5 $145.0 16.5 14.0
Indianapolis, IN 5 $97.9 -- $89.9 -- 3 -- -- -- -- 4 -- -- 5 $109.8 -- $92.1 -- 10.7 12.0
Jacksonville, FL 6 $92.4 -- $88.8 -- 5 $7.7 -- $6.5 -- 4 -- -- 6 $98.9 -- $93.8 -- 15.0 15.5
Kansas City, MO-KS 6 $84.0 -- $82.7 -- 3 -- -- -- -- 3 -- -- 6 $86.9 -- $87.0 -- 17.0 19.0
Los Angeles-Riverside-Orange County, CA 17 $104.4 $90.0 $103.0 $129.0 8 $10.2 -- $10.0 -- 4 -- -- 17 $109.2 $101.6 $107.9 $129.0 10.5 8.0
See pages 9 though 14 in Section I of this report for a detailed job description of all positions.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 45 $84.4 $67.0 $82.0 $97.0 20 $8.1 $3.5 $6.8 $11.0 11 10.0% 10.0% 45 $88.0 $70.3 $85.0 $106.0 14.2 12.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 17 $84.6 $70.0 $85.0 $94.0 11 $8.3 $2.9 $5.3 $15.5 6 10.0% 7.0% 17 $90.0 $72.3 $85.0 $110.0 16.1 16.0
Private 13 $72.5 $60.0 $75.0 $82.0 5 $7.4 -- $8.2 -- 2 -- -- 13 $75.4 $60.0 $78.0 $90.2 7.5 7.0
Government 7 $96.7 -- $80.0 -- 0 -- -- -- -- 0 -- -- 7 $96.7 -- $80.0 -- 16.3 18.0
Not-for-Profit 7 $93.3 -- $88.0 -- 4 -- -- -- -- 3 -- -- 7 $98.1 -- $88.0 -- 18.7 16.0
Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 9 $80.3 -- $80.0 -- 1 -- -- -- -- 0 -- -- 9 $81.3 -- $80.0 -- 12.0 9.0
$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$250 - $500 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$500 Million - $1 Billion 5 $106.4 -- $100.0 -- 3 -- -- -- -- 2 -- -- 5 $112.8 -- $106.0 -- 16.6 18.0
$1 - $5 Billion 9 $88.8 -- $82.0 -- 6 $8.1 -- $7.2 -- 3 -- -- 9 $94.2 -- $85.0 -- 16.1 13.0
$5 - $10 Billion 3 -- -- -- -- 2 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Greater than $10 Billion 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 10 $79.3 $67.0 $82.0 $94.0 5 $5.9 -- $4.0 -- 3 -- -- 10 $82.3 $67.0 $84.8 $96.9 15.9 8.5
Bachelors 25 $82.8 $65.0 $85.0 $94.0 11 $8.6 $3.2 $6.0 $16.0 4 -- -- 25 $86.5 $67.0 $85.0 $101.8 14.3 13.0
MA/MS 5 $97.0 -- $99.0 -- 4 -- -- -- -- 3 -- -- 5 $104.8 -- $114.5 -- 11.8 12.0
MBA 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 17 $70.8 $60.0 $74.0 $82.0 6 $5.8 -- $5.7 -- 4 -- -- 17 $72.8 $60.0 $74.0 $85.0 9.9 10.0
1 or Fewer 5 $74.6 -- $70.0 -- 2 -- -- -- -- 0 -- -- 5 $78.3 -- $72.3 -- 13.2 13.0
From 1 to 3 8 $84.0 -- $81.5 -- 4 -- -- -- -- 2 -- -- 8 $88.2 -- $85.0 -- 16.0 19.0
From 3 to 5 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
More than 5 8 $108.9 -- $117.0 -- 5 $11.7 -- $9.0 -- 3 -- -- 8 $116.2 -- $127.0 -- 14.5 15.5
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Business/Info
1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Construction/Engineering/Architectural 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Education 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Energy 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Entertainment & Media 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Finance/Banking 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Government 5 $74.4 -- $75.1 -- 0 -- -- -- -- 0 -- -- 5 $74.4 -- $75.1 -- 13.6 12.0
Healthcare 5 $90.2 -- $85.0 -- 3 -- -- -- -- 2 -- -- 5 $96.2 -- $87.5 -- 19.0 20.0
Hospitality 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Insurance 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Mfg - Durable (includes Aerospace,
4 -- -- -- -- 2 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Computer/Office Equipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied
3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Products)
Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Real Estate 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 6 $73.8 -- $67.5 -- 3 -- -- -- -- 0 -- -- 6 $78.8 -- $72.3 -- 13.3 10.5
Service 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Telecommunications 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Transportation 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Utilities 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Other 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 4 -- -- -- -- 4 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Mid Atlantic Region 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
South East Region 7 $70.7 -- $65.0 -- 3 -- -- -- -- 1 -- -- 7 $74.6 -- $67.0 -- 15.9 20.0
Mississippi Valley Region 8 $90.8 -- $85.0 -- 3 -- -- -- -- 2 -- -- 8 $94.2 -- $86.6 -- 12.4 11.5
Mountain Region 8 $93.7 -- $77.0 -- 1 -- -- -- -- 0 -- -- 8 $94.0 -- $77.0 -- 13.0 11.5
Western Region 17 $81.9 $65.0 $82.0 $100.0 8 $10.5 -- $8.8 -- 5 10.0% 10.0% 17 $86.8 $70.3 $82.0 $107.0 14.0 10.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
State Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
CA 10 $79.1 $50.0 $81.0 $100.0 4 -- -- -- -- 2 -- -- 10 $83.3 $50.0 $81.0 $107.0 11.0 9.5
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Metro Area Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Claims Manager
Mitigates an organizations exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to
ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as
salvage, subrogation and rehabilitation.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 112 $86.9 $70.1 $85.5 $100.1 51 $15.9 $4.6 $10.0 $20.0 29 22.0% 15.0% 112 $94.1 $71.5 $87.2 $109.0 16.6 15.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 58 $92.7 $76.0 $91.3 $104.0 31 $21.5 $10.0 $17.0 $25.0 21 26.0% 20.0% 58 $104.2 $76.6 $100.0 $121.0 16.9 15.0
Private 34 $76.7 $61.0 $77.5 $89.0 17 $7.8 $3.0 $5.0 $10.0 6 14.0% 12.0% 34 $80.6 $62.0 $78.5 $91.7 14.4 12.5
Government 10 $83.9 $59.9 $82.3 $93.7 2 -- -- -- -- 1 -- -- 10 $84.5 $59.9 $82.3 $95.3 20.6 23.5
Not-for-Profit 6 $103.8 -- $95.0 -- 1 -- -- -- -- 0 -- -- 6 $104.7 -- $95.0 -- 15.4 16.0
Other 4 -- -- -- -- 0 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 9 $82.5 -- $71.0 -- 3 -- -- -- -- 0 -- -- 9 $83.6 -- $72.0 -- 17.7 12.0
$100 - $250 Million 5 $79.8 -- $89.0 -- 2 -- -- -- -- 1 -- -- 5 $81.8 -- $89.0 -- 16.2 22.0
$250 - $500 Million 8 $84.0 -- $79.2 -- 4 -- -- -- -- 2 -- -- 8 $90.4 -- $82.0 -- 15.8 15.5
$500 Million - $1 Billion 8 $82.5 -- $84.0 -- 2 -- -- -- -- 1 -- -- 8 $84.2 -- $84.5 -- 17.4 17.5
$1 - $5 Billion 18 $88.3 $76.0 $90.5 $104.0 8 $9.0 -- $8.1 -- 4 -- -- 18 $92.3 $76.0 $92.0 $111.0 16.6 20.0
$5 - $10 Billion 11 $93.9 $83.0 $90.0 $102.0 8 $14.7 -- $15.0 -- 4 -- -- 11 $104.6 $88.0 $104.0 $125.0 16.3 14.0
Greater than $10 Billion 20 $104.4 $93.5 $100.1 $107.0 14 $29.1 $10.0 $20.5 $29.0 9 25.0% 12.0% 20 $124.7 $100.4 $109.3 $149.5 18.3 17.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 19 $73.0 $60.0 $70.2 $86.0 7 $6.4 -- $5.7 -- 4 -- -- 19 $75.4 $60.0 $71.9 $86.0 14.0 12.0
Bachelors 68 $89.2 $75.5 $88.3 $102.5 31 $16.5 $5.0 $15.0 $21.0 19 23.0% 20.0% 68 $96.8 $76.3 $90.5 $114.1 16.7 15.5
MA/MS 6 $94.5 -- $98.5 -- 3 -- -- -- -- 1 -- -- 6 $101.9 -- $98.5 -- 17.3 20.0
MBA 9 $92.4 -- $92.0 -- 4 -- -- -- -- 3 -- -- 9 $98.2 -- $100.0 -- 18.7 13.0
JD 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 50 $81.7 $60.0 $78.5 $100.0 20 $12.0 $3.0 $9.7 $20.0 7 29.0% 15.0% 50 $86.5 $62.0 $80.3 $101.0 14.9 14.3
1 or Fewer 17 $83.2 $77.0 $84.0 $96.0 8 $9.7 -- $8.1 -- 4 -- -- 17 $87.8 $77.0 $84.0 $104.0 13.9 13.0
From 1 to 3 14 $85.5 $72.0 $80.0 $100.2 5 $30.1 -- $11.0 -- 3 -- -- 14 $96.2 $72.2 $82.5 $104.0 15.4 14.5
From 3 to 5 8 $108.8 -- $106.0 -- 6 $22.4 -- $16.0 -- 6 32.0% 23.0% 8 $125.6 -- $116.8 -- 22.9 24.0
More than 5 14 $96.6 $86.0 $91.0 $110.0 7 $12.4 -- $10.0 -- 4 -- -- 14 $102.8 $86.0 $97.7 $116.5 19.4 20.0
Claims Manager
Mitigates an organizations exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to
Cash Compensation
ensure (All dollar
the proper and efficient amounts
handling are gathering
of claims, displayeddata
in USD $000s)
on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as
salvage, subrogation and rehabilitation.
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Agriculture 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Business/Info
0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Computer Software/Services 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Construction/Engineering/Architectural 6 $89.2 -- $88.0 -- 5 $8.7 -- $6.0 -- 2 -- -- 6 $96.5 -- $95.5 -- 17.7 15.0
Education 5 $76.2 -- $71.0 -- 0 -- -- -- -- 2 -- -- 5 $76.2 -- $71.0 -- 24.2 24.0
Energy 5 $101.6 -- $102.0 -- 4 -- -- -- -- 3 -- -- 5 $131.5 -- $122.0 -- 19.4 20.0
Entertainment & Media 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Finance/Banking 6 $83.8 -- $81.5 -- 5 $10.2 -- $6.3 -- 0 -- -- 6 $92.3 -- $90.5 -- 12.3 11.5
Government 8 $72.0 -- $70.3 -- 2 -- -- -- -- 1 -- -- 8 $72.3 -- $70.3 -- 15.8 10.5
Healthcare 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Hospitality 9 $77.6 -- $65.0 -- 5 $14.3 -- $4.0 -- 4 -- -- 9 $85.5 -- $65.0 -- 12.2 8.0
Insurance 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Mfg - Durable (includes Aerospace,
4 -- -- -- -- 3 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Computer/Office Equipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied
3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Products)
Mining/Milling/Smelting 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Real Estate 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 13 $84.7 $76.6 $80.0 $99.0 5 $12.9 -- $11.0 -- 3 -- -- 13 $89.6 $76.6 $91.0 $104.0 12.3 13.0
Service 6 $91.9 -- $93.0 -- 2 -- -- -- -- 3 -- -- 6 $94.9 -- $93.0 -- 18.3 18.0
Telecommunications 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Transportation 11 $90.5 $71.0 $79.0 $100.0 5 $17.3 -- $8.1 -- 2 -- -- 11 $98.4 $72.2 $79.0 $102.0 19.1 20.0
Utilities 6 $89.7 -- $89.8 -- 4 -- -- -- -- 2 -- -- 6 $101.6 -- $98.3 -- 18.8 21.0
Wholesale Distribution 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Other 9 $83.8 -- $86.0 -- 2 -- -- -- -- 2 -- -- 9 $85.5 -- $86.0 -- 21.2 20.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 10 $97.5 $78.0 $95.0 $108.8 2 -- -- -- -- 1 -- -- 10 $101.0 $78.0 $95.0 $115.1 19.9 20.0
Mid Atlantic Region 21 $91.2 $74.0 $90.0 $103.0 10 $12.7 $5.0 $13.5 $18.0 4 -- -- 21 $97.3 $74.0 $100.0 $121.0 18.8 18.0
South East Region 15 $82.8 $65.0 $84.0 $92.0 6 $22.9 -- $17.5 -- 5 16.0% 15.0% 15 $91.9 $65.0 $86.0 $107.0 15.4 13.0
Mississippi Valley Region 21 $79.6 $64.5 $80.0 $89.6 8 $8.9 -- $7.3 -- 9 15.0% 12.0% 21 $82.9 $65.0 $84.0 $91.0 16.0 14.5
Mountain Region 27 $85.0 $72.0 $80.0 $100.0 14 $19.9 $3.0 $9.1 $17.0 8 15.0% 10.0% 27 $95.3 $72.2 $85.0 $102.0 16.1 15.0
Western Region 18 $91.0 $61.0 $91.3 $106.0 11 $14.6 $3.0 $10.0 $25.0 2 -- -- 18 $99.9 $63.0 $92.2 $126.0 14.4 12.0
Claims Manager
Mitigates an organizations exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to
Cash Compensation
ensure (All dollar
the proper and efficient amounts
handling are gathering
of claims, displayeddata
in USD $000s)
on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as
salvage, subrogation and rehabilitation.
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
State Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
CA 7 $111.6 -- $106.0 -- 6 $17.5 -- $22.0 -- 1 -- -- 7 $126.6 -- $126.0 -- 16.6 20.0
FL 5 $71.5 -- $65.0 -- 1 -- -- -- -- 1 -- -- 5 $72.7 -- $65.0 -- 14.0 10.0
GA 5 $103.0 -- $92.0 -- 3 -- -- -- -- 2 -- -- 5 $122.3 -- $107.0 -- 21.8 24.0
IL 5 $92.7 -- $90.0 -- 2 -- -- -- -- 2 -- -- 5 $97.3 -- $90.0 -- 17.6 14.5
PA 7 $86.7 -- $84.0 -- 3 -- -- -- -- 1 -- -- 7 $94.4 -- $84.0 -- 18.2 18.0
TX 16 $92.0 $75.5 $93.5 $101.1 9 $26.8 -- $10.0 -- 5 17.0% 10.0% 16 $107.0 $78.0 $94.0 $122.3 17.8 20.0
VA 5 $81.3 -- $86.5 -- 3 -- -- -- -- 1 -- -- 5 $88.5 -- $86.5 -- 18.0 20.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Metro Area Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Atlanta, GA 5 $103.0 -- $92.0 -- 3 -- -- -- -- 2 -- -- 5 $122.3 -- $107.0 -- 21.8 24.0
Chicago-Gary-Kenosha, IL-IN-WI 6 $95.4 -- $99.1 -- 3 -- -- -- -- 3 -- -- 6 $100.9 -- $99.1 -- 20.7 18.8
Dallas-Fort Worth, TX 6 $93.3 -- $86.0 -- 3 -- -- -- -- 1 -- -- 6 $104.1 -- $86.0 -- 15.5 16.5
Houston-Galveston-Brazoria, TX 5 $89.9 -- $95.0 -- 4 -- -- -- -- 2 -- -- 5 $115.6 -- $100.0 -- 21.4 22.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
MD
Washington-Baltimore, DC-MD-VA-WV 5 $110.9 -- $110.0 -- 3 -- -- -- -- 1 -- -- 5 $115.9 -- $125.0 -- 22.8 26.0
Claims Manager
Mitigates an organizations exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to
ensure the properCharacteristics
Respondent and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as
salvage, subrogation and rehabilitation.
Gender Long-Term Incentive Eligible
Male 43.8% Yes 25.9%
Female 52.7% No 74.1%
Did Not Indicate 3.6% Did Not Indicate 0.0%
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 33 $91.6 $72.5 $94.0 $104.0 17 $17.3 $9.6 $13.0 $30.0 12 20.0% 20.0% 33 $100.5 $72.5 $96.8 $119.5 14.9 12.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 12 $89.1 $72.5 $92.0 $106.5 7 $14.7 -- $12.0 -- 6 18.0% 20.0% 12 $97.7 $74.5 $93.0 $117.3 14.1 13.0
Private 14 $95.5 $84.0 $97.6 $104.0 10 $19.1 $2.5 $15.5 $36.5 6 23.0% 23.0% 14 $109.1 $93.0 $104.0 $140.0 16.5 15.5
Government 6 $93.7 -- $88.0 -- 0 -- -- -- -- 0 -- -- 6 $93.7 -- $88.0 -- 13.2 10.5
Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Other 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$100 - $250 Million 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
$250 - $500 Million 7 $95.0 -- $95.0 -- 6 $20.1 -- $25.0 -- 4 -- -- 7 $112.2 -- $115.0 -- 19.6 17.0
$500 Million - $1 Billion 5 $74.1 -- $72.5 -- 2 -- -- -- -- 0 -- -- 5 $78.7 -- $72.5 -- 13.0 12.0
$1 - $5 Billion 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
$5 - $10 Billion 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Bachelors 18 $87.8 $72.5 $91.5 $100.0 11 $14.9 $4.0 $12.0 $20.0 7 19.0% 20.0% 18 $96.9 $72.5 $98.4 $110.0 16.3 16.5
MA/MS 7 $108.4 -- $100.0 -- 1 -- -- -- -- 3 -- -- 7 $114.1 -- $114.0 -- 13.9 11.0
MBA 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 15 $86.1 $64.0 $90.0 $106.0 6 $13.8 -- $11.5 -- 6 16.0% 20.0% 15 $91.6 $64.0 $93.0 $110.0 14.3 12.0
1 or Fewer 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
From 1 to 3 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
From 3 to 5 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
More than 5 6 $105.0 -- $100.6 -- 4 -- -- -- -- 4 -- -- 6 $122.0 -- $127.6 -- 13.3 13.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Business/Info
0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Construction/Engineering/Architectural 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Education 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Energy 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Entertainment & Media 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Finance/Banking 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Government 5 $93.2 -- $80.0 -- 0 -- -- -- -- 0 -- -- 5 $93.2 -- $80.0 -- 14.4 11.0
Healthcare 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Hospitality 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Insurance 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Mfg - Durable (includes Aerospace,
2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Computer/Office Equipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied
6 $109.7 -- $102.6 -- 2 -- -- -- -- 3 -- -- 6 $116.5 -- $110.0 -- 16.8 16.0
Products)
Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Real Estate 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Service 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Telecommunications 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Transportation 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Utilities 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Other 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 4 -- -- -- -- 4 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Mid Atlantic Region 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
South East Region 8 $76.1 -- $68.0 -- 4 -- -- -- -- 4 -- -- 8 $78.9 -- $68.0 -- 12.8 10.5
Mississippi Valley Region 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Mountain Region 7 $82.4 -- $82.0 -- 4 -- -- -- -- 3 -- -- 7 $97.2 -- $92.0 -- 13.1 12.0
Western Region 7 $103.1 -- $110.0 -- 2 -- -- -- -- 0 -- -- 7 $109.1 -- $110.0 -- 13.1 12.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
State Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
FL 5 $74.0 -- $64.0 -- 3 -- -- -- -- 2 -- -- 5 $76.5 -- $64.0 -- 14.0 10.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Metro Area Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 79 $76.5 $63.0 $72.5 $87.0 38 $7.7 $2.0 $4.0 $8.0 30 9.0% 10.0% 79 $80.2 $64.2 $77.5 $91.0 9.4 6.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 27 $75.4 $64.0 $75.0 $85.0 13 $9.8 $2.0 $3.4 $7.6 12 10.0% 10.0% 27 $80.1 $64.2 $78.8 $92.0 6.4 4.0
Private 25 $80.8 $65.0 $79.0 $90.0 16 $8.8 $4.0 $7.3 $11.0 16 9.0% 10.0% 25 $86.4 $66.5 $83.4 $94.6 8.6 6.0
Government 13 $73.8 $68.0 $70.0 $78.0 2 -- -- -- -- 0 -- -- 13 $74.1 $68.0 $70.0 $78.0 17.2 18.0
Not-for-Profit 10 $75.8 $62.0 $75.0 $88.0 5 $3.2 -- $2.5 -- 2 -- -- 10 $77.4 $65.0 $75.2 $90.5 9.3 8.0
Other 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 5 $66.9 -- $52.0 -- 3 -- -- -- -- 3 -- -- 5 $69.5 -- $52.0 -- 7.9 3.5
$100 - $250 Million 7 $77.3 -- $79.7 -- 2 -- -- -- -- 1 -- -- 7 $78.9 -- $79.7 -- 15.6 14.0
$250 - $500 Million 5 $76.1 -- $72.0 -- 3 -- -- -- -- 1 -- -- 5 $78.9 -- $72.0 -- 5.8 6.0
$500 Million - $1 Billion 9 $72.3 -- $72.0 -- 7 $4.1 -- $2.5 -- 6 8.0% 9.0% 9 $75.5 -- $72.6 -- 6.3 5.0
$1 - $5 Billion 23 $84.5 $63.0 $79.0 $92.0 11 $6.8 $2.3 $3.5 $8.6 9 8.0% 9.0% 23 $87.8 $63.5 $81.0 $94.6 7.7 5.0
$5 - $10 Billion 10 $72.8 $52.0 $74.0 $90.0 5 $9.2 -- $7.6 -- 4 -- -- 10 $77.4 $52.0 $74.0 $97.6 8.2 5.5
Greater than $10 Billion 6 $78.2 -- $77.2 -- 2 -- -- -- -- 4 -- -- 6 $81.5 -- $83.5 -- 12.2 10.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 8 $69.8 -- $68.8 -- 2 -- -- -- -- 0 -- -- 8 $71.5 -- $71.1 -- 12.5 14.0
Bachelors 41 $72.6 $60.0 $70.0 $88.0 22 $8.1 $2.0 $3.5 $8.0 18 10.0% 10.0% 41 $77.0 $60.9 $72.0 $90.4 9.5 8.0
MA/MS 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
MBA 18 $80.5 $72.0 $80.0 $88.0 10 $5.4 $1.6 $3.8 $8.6 8 9.0% 10.0% 18 $83.5 $72.0 $80.5 $92.0 6.0 5.0
JD 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Ph.D 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 59 $72.0 $58.0 $71.0 $83.0 26 $7.4 $2.0 $3.5 $8.0 20 8.0% 9.0% 59 $75.3 $60.0 $72.0 $88.0 8.6 6.0
1 or Fewer 9 $96.4 -- $90.0 -- 7 $9.5 -- $5.0 -- 5 13.0% 10.0% 9 $103.8 -- $90.0 -- 10.7 8.0
From 1 to 3 10 $86.2 $72.0 $80.2 $88.0 4 -- -- -- -- 4 -- -- 10 $88.4 $72.0 $84.2 $94.6 12.3 8.0
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Agriculture 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Business/Info
0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology 5 $102.8 -- $79.0 -- 5 $10.4 -- $4.4 -- 2 -- -- 5 $113.2 -- $83.4 -- 10.3 6.0
Computer Software/Services 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Construction/Engineering/Architectural 3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Education 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Energy 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Entertainment & Media 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Finance/Banking 6 $82.2 -- $83.3 -- 3 -- -- -- -- 2 -- -- 6 $84.7 -- $84.0 -- 9.8 9.0
Government 7 $69.8 -- $70.0 -- 0 -- -- -- -- 0 -- -- 7 $69.8 -- $70.0 -- 18.6 19.0
Healthcare 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Hospitality 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Insurance 9 $77.1 -- $78.8 -- 5 $4.7 -- $3.0 -- 6 9.0% 10.0% 9 $79.7 -- $78.8 -- 7.0 5.0
Mfg - Durable (includes Aerospace,
4 -- -- -- -- 1 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Computer/Office Equipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied
3 -- -- -- -- 3 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Products)
Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Not-for-Profit 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Real Estate 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 7 $68.2 -- $66.5 -- 4 -- -- -- -- 6 9.0% 8.0% 7 $71.4 -- $77.0 -- 6.7 4.0
Service 3 -- -- -- -- 1 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Telecommunications 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Transportation 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Utilities 10 $84.1 $60.0 $77.0 $103.0 4 -- -- -- -- 2 -- -- 10 $85.9 $63.0 $81.1 $103.0 8.0 5.5
Wholesale Distribution 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Other 3 -- -- -- -- 3 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 5 $71.8 -- $70.0 -- 1 -- -- -- -- 0 -- -- 5 $72.2 -- $72.0 -- 4.2 3.0
Mid Atlantic Region 13 $76.1 $62.5 $79.0 $90.0 8 $6.2 -- $4.0 -- 5 11.0% 8.0% 13 $79.9 $63.5 $83.4 $93.3 8.8 8.0
South East Region 12 $62.7 $50.8 $65.0 $71.5 6 $15.5 -- $5.5 -- 5 8.0% 10.0% 12 $70.4 $50.8 $66.5 $80.3 9.3 6.0
Mississippi Valley Region 16 $75.4 $66.5 $75.0 $85.0 8 $5.7 -- $5.0 -- 8 10.0% 10.0% 16 $78.3 $70.0 $75.2 $88.7 7.8 6.0
Mountain Region 16 $82.1 $63.5 $75.8 $88.0 8 $9.7 -- $8.2 -- 7 8.0% 10.0% 16 $86.9 $64.8 $78.4 $94.3 10.8 11.5
Western Region 17 $83.8 $70.0 $79.7 $90.0 7 $3.4 -- $2.5 -- 5 9.0% 10.0% 17 $85.2 $70.0 $79.7 $91.0 11.8 10.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
State Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
CA 6 $74.7 -- $77.4 -- 3 -- -- -- -- 4 -- -- 6 $76.2 -- $78.6 -- 9.5 5.0
CO 5 $70.4 -- $64.0 -- 2 -- -- -- -- 1 -- -- 5 $71.9 -- $70.4 -- 11.1 10.0
OR 7 $86.0 -- $72.5 -- 3 -- -- -- -- 1 -- -- 7 $87.0 -- $74.1 -- 12.6 12.0
PA 7 $72.0 -- $75.0 -- 5 $3.5 -- $3.5 -- 3 -- -- 7 $74.5 -- $81.0 -- 7.1 6.0
TX 9 $94.0 -- $85.0 -- 6 $11.7 -- $10.5 -- 6 8.0% 10.0% 9 $101.8 -- $85.0 -- 10.3 13.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Metro Area Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Denver-Boulder-Greeley, CO 5 $70.4 -- $64.0 -- 2 -- -- -- -- 1 -- -- 5 $71.9 -- $70.4 -- 11.1 10.0
Houston-Galveston-Brazoria, TX 5 $111.2 -- $91.0 -- 4 -- -- -- -- 4 -- -- 5 $121.7 -- $102.0 -- 11.3 13.0
Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-
5 $72.3 -- $75.0 -- 3 -- -- -- -- 3 -- -- 5 $75.0 -- $81.0 -- 9.0 8.0
MD
Portland-Salem, OR-WA 6 $88.9 -- $81.3 -- 3 -- -- -- -- 1 -- -- 6 $90.1 -- $82.1 -- 13.0 13.0
Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 202 $69.6 $57.0 $67.9 $80.0 103 $6.0 $2.2 $4.0 $7.4 46 12.0% 10.0% 202 $72.7 $58.0 $71.0 $82.0 9.8 8.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 104 $70.3 $57.0 $68.0 $80.0 54 $7.2 $3.0 $4.8 $8.0 25 10.0% 10.0% 104 $74.0 $59.0 $71.8 $83.7 9.3 7.0
Private 58 $66.5 $55.0 $64.8 $73.0 38 $5.1 $1.8 $3.7 $6.0 20 13.0% 10.0% 58 $69.8 $57.5 $67.0 $78.9 8.8 8.0
Government 22 $68.6 $62.4 $70.8 $78.0 0 -- -- -- -- 0 -- -- 22 $68.6 $62.4 $70.8 $78.0 11.8 10.0
Not-for-Profit 15 $74.8 $55.0 $82.0 $91.1 9 $2.1 -- $1.8 -- 1 -- -- 15 $76.1 $56.4 $82.0 $91.1 13.3 12.0
Other 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 8 $71.2 -- $67.3 -- 6 $5.0 -- $3.3 -- 4 -- -- 8 $74.9 -- $70.6 -- 10.1 8.0
$100 - $250 Million 8 $74.2 -- $71.9 -- 4 -- -- -- -- 2 -- -- 8 $78.8 -- $78.0 -- 11.7 11.5
$250 - $500 Million 14 $63.8 $52.0 $59.0 $70.0 7 $5.2 -- $5.8 -- 4 -- -- 14 $66.4 $52.0 $61.2 $77.5 11.4 8.0
$500 Million - $1 Billion 24 $65.6 $52.7 $64.0 $70.8 10 $4.0 $1.7 $3.3 $5.0 4 -- -- 24 $67.2 $54.9 $64.0 $73.5 9.0 8.0
$1 - $5 Billion 50 $73.7 $64.0 $74.2 $84.0 26 $4.3 $2.4 $4.3 $5.0 15 10.0% 10.0% 50 $75.9 $65.0 $75.5 $85.0 10.5 8.8
$5 - $10 Billion 25 $64.5 $54.0 $62.0 $72.0 13 $6.3 $1.0 $2.4 $3.5 5 11.0% 10.0% 25 $67.8 $56.0 $64.5 $72.5 9.1 8.0
Greater than $10 Billion 36 $77.9 $66.4 $74.0 $89.3 21 $8.4 $3.5 $6.0 $13.5 9 14.0% 15.0% 36 $82.8 $68.6 $78.7 $95.2 8.9 7.5
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 34 $67.5 $55.0 $65.8 $76.0 14 $5.7 $2.0 $5.7 $8.0 2 -- -- 34 $69.8 $56.0 $69.0 $81.0 13.0 11.0
Bachelors 118 $69.1 $56.0 $67.1 $78.0 62 $5.9 $1.9 $3.5 $7.0 28 11.0% 10.0% 118 $72.2 $57.2 $69.0 $81.4 9.4 8.5
MA/MS 15 $70.8 $67.0 $72.0 $78.0 9 $6.2 -- $4.5 -- 4 -- -- 15 $74.5 $72.0 $76.5 $79.0 9.6 7.0
MBA 21 $78.4 $65.0 $80.0 $90.0 13 $7.6 $5.0 $5.3 $9.5 10 15.0% 13.0% 21 $83.2 $70.0 $80.0 $97.0 8.5 6.0
JD 6 $73.7 -- $74.5 -- 2 -- -- -- -- 1 -- -- 6 $74.6 -- $74.5 -- 6.2 5.0
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 186 $69.1 $56.0 $67.5 $79.2 94 $5.8 $2.0 $4.0 $7.0 41 11.0% 10.0% 186 $72.0 $57.5 $70.0 $81.4 9.7 8.0
1 or Fewer 11 $74.9 $63.0 $69.0 $82.0 7 $8.0 -- $2.5 -- 4 -- -- 11 $80.0 $63.0 $78.0 $87.0 11.2 10.0
From 1 to 3 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 18 $82.5 $70.0 $81.5 $87.0 13 $4.4 $1.8 $3.0 $7.5 5 13.0% 10.0% 18 $85.7 $77.0 $83.0 $95.3 11.8 8.3
Mid Atlantic Region 31 $69.8 $57.7 $69.0 $76.0 17 $7.8 $3.5 $5.0 $7.4 5 12.0% 10.0% 31 $74.1 $61.0 $72.0 $81.4 9.0 7.0
South East Region 30 $64.4 $54.0 $62.1 $71.5 18 $4.6 $2.0 $3.4 $6.4 4 -- -- 30 $67.2 $56.0 $65.5 $73.4 8.1 9.0
Mississippi Valley Region 43 $64.6 $52.0 $64.5 $72.5 19 $5.7 $1.9 $3.5 $8.0 9 11.0% 10.0% 43 $67.1 $52.0 $64.5 $76.0 11.4 9.0
Mountain Region 41 $70.7 $57.0 $69.0 $80.0 19 $6.0 $2.5 $4.7 $8.0 13 12.0% 10.0% 41 $73.5 $61.0 $70.0 $80.0 8.8 7.0
Western Region 39 $72.0 $61.0 $69.0 $82.0 17 $7.1 $2.5 $4.0 $6.0 10 12.0% 10.0% 39 $75.1 $62.3 $72.0 $88.1 9.9 8.5
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Metro Area Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Atlanta, GA 9 $62.8 -- $62.1 -- 7 $4.9 -- $3.8 -- 3 -- -- 9 $66.6 -- $68.0 -- 8.4 9.0
Chicago-Gary-Kenosha, IL-IN-WI 9 $63.8 -- $57.2 -- 2 -- -- -- -- 1 -- -- 9 $64.7 -- $57.2 -- 11.7 13.0
Cleveland-Akron, OH 5 $62.2 -- $60.0 -- 2 -- -- -- -- 1 -- -- 5 $63.6 -- $60.5 -- 14.9 14.0
Dallas-Fort Worth, TX 8 $68.8 -- $69.0 -- 2 -- -- -- -- 0 -- -- 8 $69.8 -- $71.0 -- 9.3 8.5
Denver-Boulder-Greeley, CO 7 $65.1 -- $65.0 -- 4 -- -- -- -- 4 -- -- 7 $67.0 -- $68.5 -- 10.1 8.5
Houston-Galveston-Brazoria, TX 16 $72.2 $56.5 $68.9 $81.0 9 $7.7 -- $5.0 -- 7 13.0% 10.0% 16 $76.5 $59.0 $69.8 $89.0 8.7 6.5
Claims Analyst
Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares
required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in
support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome
management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 15 $64.2 $49.0 $63.0 $80.0 7 $4.5 -- $1.2 -- 5 24.0% 10.0% 15 $66.3 $49.0 $63.8 $80.0 9.3 5.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 9 $67.0 -- $72.5 -- 4 -- -- -- -- 4 -- -- 9 $70.2 -- $72.5 -- 9.6 5.0
Private 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Government 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Not-for-Profit 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Other 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$500 Million - $1 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$1 - $5 Billion 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Bachelors 9 $59.9 -- $50.0 -- 4 -- -- -- -- 3 -- -- 9 $62.2 -- $50.0 -- 6.1 4.5
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
JD 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 15 $64.2 $49.0 $63.0 $80.0 7 $4.5 -- $1.2 -- 5 24.0% 10.0% 15 $66.3 $49.0 $63.8 $80.0 9.3 5.0
1 or Fewer 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Claims Analyst
Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares
Cash Compensation
required reports. Assists(All dollarcost
in claims amounts
control. are displayed
Performs in USD
the design, $000s)
analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in
support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Agriculture 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Business/Info
1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Services/Consulting/Legal/Accounting
Chemical/Pharmaceutical/Biotechnology 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Computer Software/Services 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Construction/Engineering/Architectural 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Education 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Energy 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Entertainment & Media 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Finance/Banking 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Government 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Healthcare 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Hospitality 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Insurance 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Mfg - Durable (includes Aerospace,
0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Computer/Office Equipment, Electronics)
Mfg - Nondurable (includes Food, Paper & Allied
0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Products)
Mining/Milling/Smelting 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Not-for-Profit 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Real Estate 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Research & Development 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Retail 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Service 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Telecommunications 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Transportation 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Utilities 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
Wholesale Distribution 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Regions (defined in Section I - 15) Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
North East Region 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Mid Atlantic Region 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
South East Region 3 -- -- -- -- 2 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Mississippi Valley Region 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Mountain Region 5 $61.5 -- $53.0 -- 1 -- -- -- -- 2 -- -- 5 $61.8 -- $54.5 -- 9.7 4.5
Western Region 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Claims Analyst
Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares
Cash Compensation
required reports. Assists(All dollarcost
in claims amounts
control. are displayed
Performs in USD
the design, $000s)
analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in
support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
State Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Metro Area Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Claims Analyst
Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares
required reports.Characteristics
Respondent Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in
support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome
management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.
Gender Long-Term Incentive Eligible
Male 33.3% Yes 6.7%
Female 66.7% No 93.3%
Did Not Indicate 0.0% Did Not Indicate 0.0%
Respondents from over 218 organizations operating in Canada participated in the 2013 Risk Management Compensation Survey. These organizations
include:
2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 3 Canadian Participant List
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) VI - 4 Canadian Participant List
2013 Risk Management Compensation Survey
The 2013 Risk Management Compensation Survey contains compensation data for 11 jobs from 270 individual respondents from 218 organizations. The
charts on the following pages display the distribution of Canadian participants by organization size, industry, ownership type, and geographic region. A
chart on the function to which the top risk management executive reports to is also presented.
2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 1 Canadian Participant Demographics
2013 Risk Management Compensation Survey
30.0%
25.2%
Private 50 18.5% 25.0%
20.0% 18.5%
Government 101 37.4% 14.4%
15.0%
10.0%
Not-for-Profit 39 14.4%
4.4%
5.0%
Revenue
# of Percent of
Revenue Resp. Respondents Percent of Respondents
30.0%
Less than $100 Million 29 10.7%
25.6%
25.0%
$100 Million $100 - $250 Million 28 10.4%
20.0% 18.5%
$250 Million $250 - $500 Million 22 8.1%
2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 2 Canadian Participant Demographics
2013 Risk Management Compensation Survey
# of Percent of
Organization Type Resp. Respondents Percent of Respondents
70.0%
60.7%
Parent 164 60.7% 60.0%
50.0%
Subsidiary 18 6.7%
40.0%
20.0% 14.8%
Single Location 29 10.7% 10.7%
10.0% 6.7% 7.0%
0.0%
Other 40 14.8%
Parent Subsidiary Division Single Location Other
Region
# of Percent of
Canadian Province Resp. Respondents Percent of Respondents
AB 61 22.6% 40.0%
BC 40 14.8% 34.8%
35.0%
MB 9 3.3%
30.0%
NB 5 1.9%
NL 8 3.0% 25.0%
22.6%
NS 9 3.3%
20.0%
NT 1 0.4%
14.8%
NU 1 0.4% 15.0%
ON 94 34.8% 8.9%
10.0%
PE 1 0.4% 5.9%
5.0% 3.3% 3.0% 3.3%
PQ 1 0.4% 1.9%
0.4% 0.4% 0.4% 0.4%
QC 24 8.9% 0.0%
AB BC MB NB NL NS NT NU ON PE PQ QC SK
SK 16 5.9%
2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 3 Canadian Participant Demographics
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 4 Canadian Participant Demographics
2013 Risk Management Compensation Survey
Mayor/Governor/Premier 0.0%
Mayor/Governor/Premier 0 0.0%
Other 5.9%
Other 16 5.9%
Size of Department
n The average reported number of employees in the risk management department is 5.56 while the median is 2.20.
2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 5 Canadian Participant Demographics
2013 Risk Management Compensation Survey
Respondent Age
# of Percent of
Age Resp. Respondents
Percent of Respondents
35.0%
Less than 30 12 4.4%
29.3%
30.0%
20.0%
20.0%
40 - 49 67 24.8%
15.6%
15.0%
50 - 59 79 29.3%
10.0%
5.9%
4.4%
60 or Higher 16 5.9% 5.0%
0.0%
No Response 54 20.0% Less than 30 30 - 39 40 - 49 50 - 59 60 or Higher No Response
n The average respondent age reported is 46.71 while the median is 47.00.
2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 6 Canadian Participant Demographics
2013 Risk Management Compensation Survey
# of Percent of
Years in Current Position Resp. Respondents Percent of Respondents
35.0%
Less than 1 year 7 2.6% 31.9%
30.0%
1 to 2 years 86 31.9%
25.0%
3 to 4 years 47 17.4%
20.0%
5 to 6 years 34 12.6%
17.4%
15.0%
7 to 8 years 20 7.4% 12.6%
10.7%
9 to 10 years 21 7.8% 10.0%
7.4% 7.8%
7.0%
n The average years respondents reported being at their current position is 6.41 while the median is 4.00.
2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 7 Canadian Participant Demographics
2013 Risk Management Compensation Survey
Gender
# of Percent of
Gender Resp. Respondents
Percent of Respondents
70.0%
60.0% 57.4%
Male 155 57.4%
50.0%
40.7%
40.0%
20.0%
10.0%
No Response 5 1.9% 1.9%
0.0%
Male Female No Response
2013 Risk and Insurance Management Society, Inc. (RIMS) VII - 8 Canadian Participant Demographics
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Chief Risk Officer | Vice President - Risk
Management | Vice President - Strategic and 18 $173.6 $150.0 $175.0 $200.0 10 $58.2 $45.0 $55.0 $70.0 9 33.0% 30.0% 18 $205.9 $153.0 $202.5 $258.0 12.9 10.0
Enterprise Risk
Director - Insurance and Risk Management 80 $119.1 $97.0 $111.8 $140.0 45 $24.9 $12.0 $20.0 $30.0 29 22.0% 20.0% 80 $133.1 $100.5 $120.0 $149.8 17.8 18.0
Manager - Insurance Management 46 $100.3 $83.5 $94.0 $117.0 22 $12.7 $8.9 $10.8 $15.0 21 14.0% 15.0% 46 $106.4 $85.0 $97.1 $122.0 10.7 9.5
Claims Manager 12 $84.3 $72.5 $82.5 $95.0 4 -- -- -- -- 0 -- -- 12 $87.5 $73.0 $89.5 $95.0 12.3 10.0
Risk Management Analyst (Enterprise-Wide) 32 $84.6 $70.0 $78.0 $97.5 14 $12.0 $3.9 $8.8 $19.0 10 12.0% 12.0% 32 $89.9 $72.5 $78.5 $99.9 6.6 4.0
Risk Management Analyst 31 $76.3 $66.0 $73.5 $82.5 13 $7.1 $5.0 $5.5 $7.8 10 9.0% 10.0% 31 $79.3 $70.0 $75.0 $87.5 6.8 5.0
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 1 All Jobs Summary - Canada
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 2 All Jobs Summary - Canada
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Average Compensation by Ownership Type
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$250.0
All Respondents 18 $173.6 $205.9
espondents
$222.0
$200.0
$205.9
$199.5
Publicly Traded 2 -- --
licly Traded
$176.0
$173.6
$171.3
$150.0
Private 5 $176.0 $222.0
$100.0
Government 6 $171.3 $199.5
$50.0
Not-for-Profit 3 -- --
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
Other 2 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$300.0
$240.8
3 -- --
Million
$200.0
$205.9
$100 - $250
250 Million 3 -- --
$192.7
Million
$173.6
$1 - $5
- $5 Billion 6 $192.7 $240.8 $50.0
Billion
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$5 - $10
- $10 Billion 1 -- --
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
1 -- -- Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 3 Canadian Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$250.0
All Respondents 18 $173.6 $205.9
$225.0
$200.0
$205.9
HS/Associate 1 -- --
$173.6
$170.0
$150.0
Bachelors 5 $170.0 $225.0
$100.0
MA/MS 1 -- --
$50.0
MBA 4 -- --
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 1 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$200.0
$208.5
$205.9
No 1 -- --
$179.3
$173.6
$150.0
1 or Fewer 2 -- --
$100.0
From 1 to 3 4 -- --
$50.0
From 3 to 5 1 -- --
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 6 $179.3 $208.5 All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 4 Canadian Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Province Resp. Salary ($000s) Comp ($000s) $0.0 $50.0 $100.0 $150.0 $200.0 $250.0
$173.6
All Respondents 18 $173.6 $205.9 All Respondents
$205.9
$180.6
BC 8 $180.6 $220.0 BC
$220.0
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 5 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$180.0
All Respondents 7 $132.0 $154.8 $160.0
espondents
$154.8
$140.0
Publicly Traded 3 -- --
$132.0
licly Traded $120.0
$100.0
Private 1 -- --
$80.0
Government 1 -- -- $60.0
$40.0
Not-for-Profit 2 -- --
#N/A
#N/A
$20.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
Other #N/A #N/A #N/A All Respondents Publicly Traded Private Government Not-for-Profit Other
$0.0
$0.0
Average Compensation by Revenue
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$180.0
$120.0
$100 - $250
250 Million 1 -- --
Million $100.0
$250 - $500
500 Million 1 -- -- $80.0
Million
$1 - $5 $40.0
- $5 Billion 1 -- --
Billion
$20.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$5 - $10
- $10 Billion 1 -- --
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
1 -- -- Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 7 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$180.0
All Respondents 7 $132.0 $154.8
$160.0
$154.8
$140.0
HS/Associate 1 -- --
$132.0
$120.0
Bachelors 4 -- -- $100.0
$80.0
MA/MS 0 -- -- $60.0
$40.0
MBA 1 -- --
$20.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 0 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$140.0 $154.8
No 1 -- --
$132.0
$120.0
1 or Fewer 2 -- -- $100.0
$80.0
From 1 to 3 2 -- -- $60.0
$40.0
From 3 to 5 2 -- --
$20.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 0 -- -- All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 8 Canadian Data
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 9 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$250.0
All Respondents 36 $122.8 $128.4
espondents
$225.2
$200.0
$205.2
Publicly Traded 5 $205.2 $225.2
licly Traded
$150.0
Private 6 $112.0 $123.7
$128.4
$123.7
$122.8
$100.0
$112.0
$114.9
$113.4
$105.2
$103.8
Government 16 $113.4 $114.9
$50.0
Not-for-Profit 7 $103.8 $105.2
$0.0
$0.0
$0.0
Other 2 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$140.0
$128.4
$120.0
$124.1
$122.8
$121.9
$120.0
Less than $100
$114.8
9 $99.9 $102.5
Million $100.0
$102.5
$99.9
$100 - $250
250 Million 2 -- --
Million $80.0
$250 - $500
500 Million 4 -- --
Million $60.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$5 - $10
- $10 Billion 1 -- --
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
1 -- -- Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 11 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$160.0
All Respondents 36 $122.8 $128.4
$140.0
$135.6
$130.0
$130.0
$128.4
HS/Associate 6 $123.8 $135.6 $120.0
$123.8
$122.8
$111.8
$100.0
$105.4
Bachelors 9 $105.4 $111.8
$80.0
$60.0
MA/MS 3 -- --
$40.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 1 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$135.2
$134.2
$130.8
No 14 $130.8 $134.2 $120.0 $128.4
$122.8
$117.2
$100.0
$108.0
$107.4
1 or Fewer 8 $117.2 $135.2
$80.0
$60.0
From 1 to 3 6 $107.4 $108.0
$40.0
From 3 to 5 4 -- -- $20.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 3 -- -- All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 12 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Industry Resp. Salary ($000s) Comp ($000s) $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
$102.0
Insurance 5 $102.0 $103.0
Insurance
$103.0
$109.5
SK 6 $109.5 $111.8 SK
$111.8
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 13 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$180.0
All Respondents 80 $119.1 $133.1 $160.0
espondents
$154.9
$140.0
$138.9
Publicly Traded 22 $125.3 $154.9
$133.1
licly Traded $120.0
$125.3
$120.2
$119.1
$118.3
$115.2
$116.1
$100.0
$113.1
Private 17 $120.2 $138.9
$80.0
$40.0
Not-for-Profit 13 $115.2 $118.3 $20.0
$0.0
$0.0
$0.0
Other 2 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$180.0
$152.9
Less than $100 $140.0
4 -- --
$138.5
Million
$134.8
$133.4
$133.1
$120.0
$128.2
$124.7
$100 - $250
$122.8
$119.7
$119.1
$117.3
Million
$109.1
$100.0
$107.1
$106.4
$250 - $500
500 Million 7 $128.2 $133.4 $80.0
Million
$1 - $5 $40.0
- $5 Billion 23 $122.8 $138.5
Billion
$20.0
$0.0
$0.0
$5 - $10
- $10 Billion 6 $119.7 $134.8
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
13 $124.7 $152.9 Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 15 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$180.0
All Respondents 80 $119.1 $133.1
$160.0
$153.7
$140.0
HS/Associate 16 $107.7 $118.8
$136.3
$133.1
$131.6
$120.0
$120.0
$119.1
$118.8
Bachelors 38 $120.0 $136.3 $100.0
$107.7
$80.0
MA/MS 1 -- -- $60.0
$40.0
MBA 10 $131.6 $153.7
$20.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 3 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$143.0
$139.8
$133.1
$131.8
No 16 $109.2 $121.9 $120.0
$127.2
$123.0
$122.8
$121.9
$119.1
$118.0
$112.9
$109.2
$100.0
1 or Fewer 16 $123.0 $143.0
$80.0
$60.0
From 1 to 3 17 $118.0 $131.8
$40.0
$0.0
More than 5 16 $127.2 $139.8 All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 16 Canadian Data
2013 Risk Management Compensation Survey
$109.8
Government 21 $109.8 $110.4 Government
$110.4
Mfg - Nondurable (includes Food, Paper & Allied Mfg - Nondurable $121.8
7 $121.8 $136.2 (includes Food, Paper &
Products) $136.2
Allied Products)
$102.4
Telecommunications 6 $102.4 $116.6 Telecommunications
$116.6
$114.2
Transportation 5 $114.2 $124.1 Transportation
$124.1
$120.6
AB 17 $120.6 $135.9 AB
$135.9
$105.2
BC 8 $105.2 $111.2 BC
$111.2
$122.5
ON 33 $122.5 $139.1 ON
$139.1
$133.0
QC 9 $133.0 $155.2 QC
$155.2
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 17 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$140.0
All Respondents 46 $100.3 $106.4
$128.0
espondents $120.0
$114.7
Publicly Traded 14 $114.7 $128.0 $100.0
$106.4
$100.3
licly Traded
$93.8
$93.8
$93.5
$99.2
$97.7
$80.0
$87.1
Private 8 $87.1 $93.8
$60.0
$0.0
$0.0
$0.0
Other 2 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$140.0
$129.4
$120.0
$116.8
Less than $100
$113.2
3 -- --
Million $100.0
$106.4
$104.2
$104.1
$102.5
$102.0
$101.0
$100.3
$100 - $250
250 Million 6 $102.5 $104.1
Million $80.0
$250 - $500
500 Million 5 $102.0 $104.2
Million $60.0
$0.0
$0.0
$0.0
$0.0
$0.0
$5 - $10
- $10 Billion 4 -- --
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
4 -- -- Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 19 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$140.0
All Respondents 46 $100.3 $106.4
$120.0
$117.8
HS/Associate 10 $107.7 $117.8
$109.5
$107.7
$100.0
$106.4
$103.2
$101.9
$100.3
$95.9
$80.0
Bachelors 23 $95.9 $101.9
$60.0
MA/MS 2 -- --
$40.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 0 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$114.5
No 17 $88.7 $93.5
$108.9
$107.5
$100.0
$106.4
$106.1
$105.9
$101.5
$100.3
$93.5
$88.7
$80.0
1 or Fewer 14 $105.9 $114.5
$60.0
From 1 to 3 7 $106.1 $107.5
$40.0
From 3 to 5 3 -- -- $20.0
$0.0
$0.0
$0.0
More than 5 5 $101.5 $108.9 All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 20 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Industry Resp. Salary ($000s) Comp ($000s) $0.0 $20.0 $40.0 $60.0 $80.0 $100.0 $120.0 $140.0
$100.3
All Respondents 46 $100.3 $106.4 All Respondents
$106.4
$90.5
Government 10 $90.5 $90.5 Government
$90.5
$122.4
Utilities 7 $122.4 $130.0 Utilities
$130.0
$111.8
Other 5 $111.8 $123.5 Other
$123.5
$100.3
All Respondents 46 $100.3 $106.4 All Respondents
$106.4
$120.6
AB 11 $120.6 $130.5 AB
$130.5
$85.3
BC 5 $85.3 $85.3 BC
$85.3
$92.8
ON 17 $92.8 $99.9 ON
$99.9
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 21 Canadian Data
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 23 Canadian Data
2013 Risk Management Compensation Survey
Claims Manager
Average Compensation by Ownership Type
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$100.0
All Respondents 12 $84.3 $87.5 $90.0
espondents
$87.5
$80.0
$84.3
Publicly Traded 1 -- -- $70.0
licly Traded
$75.9
$73.1
$60.0
Private 3 -- -- $50.0
$40.0
Government 5 $73.1 $75.9 $30.0
$20.0
Not-for-Profit 2 -- --
$10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
Other 1 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$100.0
$87.5
$80.0
$84.3
Less than $100
2 -- --
Million $70.0
$100 - $250
250 Million 2 -- -- $60.0
Million
$250 - $500 $50.0
500 Million 1 -- --
Million
$40.0
$500 Million - $1 Billion 0 -- -- $30.0
$1 - $5 $20.0
- $5 Billion 1 -- --
Billion
$10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$5 - $10
- $10 Billion 2 -- --
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
1 -- -- Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 25 Canadian Data
2013 Risk Management Compensation Survey
Claims Manager
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$100.0
All Respondents 12 $84.3 $87.5 $90.0
$87.5
$80.0
$84.3
HS/Associate 4 -- --
$70.0
$60.0
Bachelors 2 -- --
$50.0
$40.0
MA/MS 0 -- --
$30.0
$20.0
MBA 0 -- --
$10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 0 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$87.5
$80.0
$84.3
No 6 $74.0 $78.8
$78.8
$70.0
$74.0
$60.0
1 or Fewer 2 -- --
$50.0
$40.0
From 1 to 3 3 -- --
$30.0
$20.0
From 3 to 5 1 -- --
$10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 0 -- -- All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 26 Canadian Data
2013 Risk Management Compensation Survey
Claims Manager
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 27 Canadian Data
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 29 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$120.0
All Respondents 32 $84.6 $89.9
espondents $100.0
$104.6
$94.4
Publicly Traded 12 $94.4 $104.6
$89.9
licly Traded $80.0
$84.6
$78.5
$71.9
$78.0
$71.0
Private 4 -- -- $60.0
$20.0
Not-for-Profit 5 $71.0 $71.9
$0.0
$0.0
$0.0
$0.0
$0.0
Other 1 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$120.0
$102.0
Less than $100
$97.2
3 -- --
$94.6
Million
$89.9
$88.3
$80.0
$84.6
$100 - $250
250 Million 4 -- --
Million
$250 - $500 $60.0
500 Million 0 -- --
Million
$1 - $5
- $5 Billion 7 $88.3 $97.2 $20.0
Billion
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$5 - $10
- $10 Billion 0 -- --
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
7 $94.6 $102.0 Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 31 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$100.0
All Respondents 32 $84.6 $89.9 $90.0
$89.9
$80.0
$84.6
$79.9
HS/Associate 5 $79.1 $79.9
$79.1
$78.0
$70.0
$73.1
$60.0
Bachelors 14 $73.1 $78.0
$50.0
$40.0
MA/MS 2 -- --
$30.0
$20.0
MBA 3 -- --
$10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 0 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$103.5
No 26 $82.3 $85.1
$89.9
$89.6
$80.0
$85.1
$84.6
$82.3
1 or Fewer 5 $89.6 $103.5
$60.0
From 1 to 3 0 -- -- $40.0
From 3 to 5 0 -- -- $20.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 1 -- -- All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 32 Canadian Data
2013 Risk Management Compensation Survey
$109.5
Energy 6 $109.5 $125.9 Energy
$125.9
$78.1
Government 7 $78.1 $78.1 Government
$78.1
$78.2
Insurance 5 $78.2 $79.6 Insurance
$79.6
$84.6
All Respondents 32 $84.6 $89.9 All Respondents
$89.9
$104.6
AB 8 $104.6 $116.9 AB
$116.9
$90.0
BC 6 $90.0 $94.2 BC
$94.2
$70.2
ON 11 $70.2 $71.9 ON
$71.9
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 33 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$90.0
All Respondents 31 $76.3 $79.3
$85.7
$80.0
espondents
$79.3
$79.2
$79.2
$76.3
$70.0
$73.7
$77.7
$77.7
Publicly Traded 9 $79.2 $85.7
licly Traded $60.0
$50.0
Private 6 $73.7 $79.2
$40.0
$20.0
Not-for-Profit 2 -- -- $10.0
$0.0
$0.0
$0.0
$0.0
$0.0
Other 2 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Revenue Resp. Salary ($000s) Comp ($000s)
$100.0
$87.6
$80.0
$83.2
Less than $100
5 $70.3 $72.3 $79.3
Million
$76.3
$70.0
$72.3
$72.3
$70.6
$70.3
$100 - $250
250 Million 1 -- -- $60.0
Million
$250 - $500 $50.0
500 Million 0 -- --
Million
$40.0
$500 Million - $1 Billion 7 $70.6 $72.3 $30.0
$1 - $5 $20.0
- $5 Billion 9 $83.2 $87.6
Billion
$10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$5 - $10
- $10 Billion 2 -- --
Billion $0.0
All Respondents Less than $100 $100 - $250 $250 - $500 $500 Million - $1 $1 - $5 $5 - $10 Greater than
Greater than
1 -- -- Million Million Million Billion Billion Billion $10 Billion
$10 Billion
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 35 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Degree Resp. Salary ($000s) Comp ($000s)
$90.0
All Respondents 31 $76.3 $79.3
$80.0
$79.3
$76.3
$70.0
$72.5
HS/Associate 4 -- --
$70.3
$60.0
$40.0
MA/MS 0 -- -- $30.0
$20.0
MBA 2 -- --
$10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
JD 0 -- -- All Respondents HS/Associate Bachelors MA/MS MBA JD
$79.3
$77.8
$76.3
$75.0
$70.0
No 25 $75.0 $77.8
$60.0
1 or Fewer 3 -- -- $50.0
$40.0
From 1 to 3 2 -- -- $30.0
$20.0
From 3 to 5 0 -- --
$10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 1 -- -- All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 36 Canadian Data
2013 Risk Management Compensation Survey
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Industry Resp. Salary ($000s) Comp ($000s) $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0
$76.3
All Respondents 31 $76.3 $79.3 All Respondents
$79.3
$69.2
Education 6 $69.2 $69.2 Education
$69.2
$79.8
Energy 7 $79.8 $85.5 Energy
$85.5
$83.4
Government 6 $83.4 $83.4 Government
$83.4
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Province Resp. Salary ($000s) Comp ($000s)
$0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 $100.0
$81.2
AB 10 $81.2 $86.0
AB
$86.0
$75.8
ON 9 $75.8 $77.6 ON
$77.6
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 37 Canadian Data
2013 Risk Management Compensation Survey
Claims Analyst
Average Compensation by Ownership Type
# of Average Base Average Total Average Base Salary ($000s) Average Total Comp ($000s)
Ownership Type Resp. Salary ($000s) Comp ($000s)
$70.0
All Respondents 7 $60.4 $60.4
espondents $60.0
$60.4
$60.4
$60.4
$60.4
Publicly Traded 0 -- -- $50.0
licly Traded
$40.0
Private 0 -- --
$30.0
Not-for-Profit 0 -- -- $10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
Other 0 -- -- All Respondents Publicly Traded Private Government Not-for-Profit Other
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 39 Canadian Data
2013 Risk Management Compensation Survey
Claims Analyst
Average Compensation by Degree
$60.6
$60.6
$60.4
$60.4
No 6 $60.6 $60.6 $50.0
$40.0
1 or Fewer 1 -- --
$30.0
From 1 to 3 0 -- --
$20.0
From 3 to 5 0 -- -- $10.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
$0.0
More than 5 0 -- -- All Respondents No 1 or Fewer From 1 to 3 From 3 to 5 More than 5
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 40 Canadian Data
2013 Risk Management Compensation Survey
Claims Analyst
2013 Risk and Insurance Management Society, Inc. (RIMS) VIII - 41 Canadian Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organizations enterprise risk and risk appetite
frameworks, and related processes to achieve the organizations short- and long-term strategic, financial and operational goals. Directs the development of the organizations risk practices as an interrelated risk portfolio to create, capture and
protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-
based operational perspective, an intimate knowledge of internal business processes and understanding of the organizations industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's
concepts, practices, and procedures. Relies on extensive personal leadership skills, network of internal and external alliances, experience and judgment to plan and accomplish goals. Performs a variety of tasks. Leads and directs the work of
others. A wide degree of creativity and latitude is expected. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the
ability to drive performance from all areas within the organization.
Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as
the person responsible for all activities relating to risk within the organization.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 18 $173.6 $150.0 $175.0 $200.0 10 $58.2 $45.0 $55.0 $70.0 9 33.0% 30.0% 18 $205.9 $153.0 $202.5 $258.0 12.9 10.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 2 -- -- -- -- 2 -- -- -- -- 2 -- -- 2 -- -- -- -- -- --
Private 5 $176.0 -- $175.0 -- 3 -- -- -- -- 3 -- -- 5 $222.0 -- $220.0 -- 6.6 7.0
Government 6 $171.3 -- $146.5 -- 3 -- -- -- -- 3 -- -- 6 $199.5 -- $169.0 -- 18.3 14.0
Not-for-Profit 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Other 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
$100 - $250 Million 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
$250 - $500 Million 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
$500 Million - $1 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
$1 - $5 Billion 6 $192.7 -- $187.5 -- 4 -- -- -- -- 4 -- -- 6 $240.8 -- $247.5 -- 18.3 17.0
$5 - $10 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Bachelors 5 $170.0 -- $175.0 -- 4 -- -- -- -- 3 -- -- 5 $225.0 -- $225.0 -- 16.4 9.0
MA/MS 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
MBA 4 -- -- -- -- 1 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
JD 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Ph.D 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
1 or Fewer 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 1 to 3 4 -- -- -- -- 3 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
From 3 to 5 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
More than 5 6 $179.3 -- $188.5 -- 3 -- -- -- -- 2 -- -- 6 $208.5 -- $216.0 -- 11.0 11.0
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 1 Canadian Data
2013 Risk Management Compensation Survey
Chief Risk Officer | Vice President - Risk Management | Vice President - Strategic and Enterprise Risk
Description of Responsibilities: Plans and directs all aspects of an organization's risk management policies, objectives, and initiatives. Responsible for the development and execution of the organizations enterprise risk and risk appetite
Cash Compensation
frameworks, and related(All dollarto
processes amounts areorganizations
achieve the displayed inshort-
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long-term strategic, financial and operational goals. Directs the development of the organizations risk practices as an interrelated risk portfolio to create, capture and
protect the enterprise value. Seeks ways to optimize risk decision making in the organization as a competitive advantage, using multiple techniques and solutions. Recognized as a dynamic, proactive and decisive risk leader. Possesses a broad-
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
based operational perspective, an intimate knowledge of internal business processes and understanding of the organizations industry. Adapts well to and initiates change in the organization. Demonstrates expertise in a variety of the field's
concepts, practices, and procedures. Relies on extensive
# of personal leadership skills,
50th pct network of internal
# of and external alliances, experience
50th pct and judgment to plan and accomplish
50th pct goals.
# of Performs a variety of tasks. Leads
50th pct and directs the work ofpct
50th
others. A wide degree of creativity and latitude isResp.
Industry expected. Key traits
Average 25thfor
pctthe individual
(median) 75thinpct
this position
Resp. are: highly25th
Average developed communications,
pct (median) 75th pct #team player,
of Resp. change (median)
Average agent, strategic and creative,
Resp. Average excellent project management
25th pct (median) skills and(median)
75th pct Average the
ability to drive performance from all areas within the organization.
No Breakdowns Available - Insufficient Sample Size
Position level/Reporting Structure: This person typically reports to the CEO, President, Principal or Executive Director They are identified as the top risk executive in the company and may be the CFO or COO if these positions are identified as
the person responsible for all activities relating to risk within the organization.
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Province Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
BC 8 $180.6 -- $176.0 -- 5 $63.0 -- $60.0 -- 3 -- -- 8 $220.0 -- $223.5 -- 12.1 9.5
Respondent Characteristics
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 2 Canadian Data
2013 Risk Management Compensation Survey
See pages 9 though 14 in Section I of this report for a detailed job description of all positions.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 7 $132.0 -- $132.0 -- 4 -- -- -- -- 3 -- -- 7 $154.8 -- $132.0 -- 11.9 12.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 3 -- -- -- -- 3 -- -- -- -- 3 -- -- 3 -- -- -- -- -- --
Private 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Government 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Not-for-Profit 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Other #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$100 - $250 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$250 - $500 Million 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$500 Million - $1 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$1 - $5 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
$5 - $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Bachelors 4 -- -- -- -- 2 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
1 or Fewer 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 1 to 3 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 3 to 5 2 -- -- -- -- 2 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 3 Canadian Data
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Province Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Respondent Characteristics
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 4 Canadian Data
2013 Risk Management Compensation Survey
See pages 9 though 14 in Section I of this report for a detailed job description of all positions.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 36 $122.8 $99.0 $110.0 $129.0 11 $18.4 $6.4 $7.8 $35.0 8 29.0% 21.0% 36 $128.4 $100.0 $115.6 $135.5 13.2 11.5
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 5 $205.2 -- $165.0 -- 2 -- -- -- -- 4 -- -- 5 $225.2 -- $200.0 -- 16.2 15.0
Private 6 $112.0 -- $113.0 -- 4 -- -- -- -- 0 -- -- 6 $123.7 -- $119.0 -- 12.7 11.0
Government 16 $113.4 $101.0 $109.2 $125.0 3 -- -- -- -- 3 -- -- 16 $114.9 $101.0 $113.1 $125.1 11.2 10.4
Not-for-Profit 7 $103.8 -- $110.0 -- 2 -- -- -- -- 0 -- -- 7 $105.2 -- $110.0 -- 16.3 17.0
Other 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 9 $99.9 -- $100.0 -- 3 -- -- -- -- 1 -- -- 9 $102.5 -- $100.0 -- 13.0 13.0
$100 - $250 Million 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$250 - $500 Million 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
$500 Million - $1 Billion 5 $121.9 -- $110.0 -- 2 -- -- -- -- 1 -- -- 5 $124.1 -- $113.5 -- 15.0 15.0
$1 - $5 Billion 11 $114.8 $102.0 $108.3 $125.0 2 -- -- -- -- 3 -- -- 11 $120.0 $102.0 $116.1 $125.0 12.5 10.0
$5 - $10 Billion 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 6 $123.8 -- $116.8 -- 5 $14.2 -- $7.7 -- 2 -- -- 6 $135.6 -- $130.6 -- 23.2 27.5
Bachelors 9 $105.4 -- $95.0 -- 2 -- -- -- -- 3 -- -- 9 $111.8 -- $95.0 -- 13.9 13.0
MA/MS 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
MBA 8 $130.0 -- $125.0 -- 0 -- -- -- -- 0 -- -- 8 $130.0 -- $125.0 -- 12.9 11.5
JD 1 -- -- -- -- 0 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
Ph.D 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 14 $130.8 $100.0 $108.5 $125.0 3 -- -- -- -- 2 -- -- 14 $134.2 $102.0 $108.5 $125.2 13.1 12.0
1 or Fewer 8 $117.2 -- $113.0 -- 6 $24.0 -- $15.0 -- 3 -- -- 8 $135.2 -- $120.0 -- 13.2 12.5
From 1 to 3 6 $107.4 -- $105.0 -- 1 -- -- -- -- 1 -- -- 6 $108.0 -- $106.8 -- 16.0 12.5
From 3 to 5 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
More than 5 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 5 Canadian Data
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Education 7 $116.1 -- $115.0 -- 1 -- -- -- -- 0 -- -- 7 $116.6 -- $115.0 -- 13.1 12.0
Government 9 $116.1 -- $110.0 -- 1 -- -- -- -- 1 -- -- 9 $116.9 -- $110.0 -- 11.2 6.0
Insurance 5 $102.0 -- $100.0 -- 1 -- -- -- -- 1 -- -- 5 $103.0 -- $100.0 -- 11.2 7.0
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Province Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
AB 10 $142.1 $108.3 $115.5 $125.0 3 -- -- -- -- 3 -- -- 10 $145.6 $110.0 $120.6 $136.0 10.3 7.9
ON 10 $124.2 $105.0 $119.0 $150.0 3 -- -- -- -- 3 -- -- 10 $134.9 $105.0 $119.0 $171.0 14.2 12.5
SK 6 $109.5 -- $105.0 -- 2 -- -- -- -- 1 -- -- 6 $111.8 -- $106.8 -- 11.0 8.0
Respondent Characteristics
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 6 Canadian Data
2013 Risk Management Compensation Survey
Position level/ Reporting Structure: Reports findings on risk exposures to senior executives and/or the organization's board of directors, and implements strategies to manage insurable and/or hazard risks. Operationally reports to the Chief
Financial Officer, Chief Risk Officer, or other corporate level officer designee.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 80 $119.1 $97.0 $111.8 $140.0 45 $24.9 $12.0 $20.0 $30.0 29 22.0% 20.0% 80 $133.1 $100.5 $120.0 $149.8 17.8 18.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 22 $125.3 $101.7 $127.5 $140.9 20 $32.6 $15.0 $20.5 $41.0 14 28.0% 23.0% 22 $154.9 $116.7 $147.0 $180.0 15.5 16.5
Private 17 $120.2 $95.0 $118.0 $140.0 15 $21.1 $5.0 $20.0 $25.0 9 18.0% 15.0% 17 $138.9 $110.0 $140.0 $149.5 19.9 18.0
Government 26 $113.1 $98.0 $105.5 $132.0 4 -- -- -- -- 3 -- -- 26 $116.1 $98.0 $106.8 $134.0 18.9 19.0
Not-for-Profit 13 $115.2 $86.0 $105.0 $112.0 5 $8.1 -- $5.0 -- 2 -- -- 13 $118.3 $86.2 $105.0 $121.5 16.5 16.0
Other 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 4 -- -- -- -- 2 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
$100 - $250 Million 9 $106.4 -- $101.6 -- 2 -- -- -- -- 0 -- -- 9 $109.1 -- $101.6 -- 18.4 21.0
$250 - $500 Million 7 $128.2 -- $120.0 -- 2 -- -- -- -- 1 -- -- 7 $133.4 -- $120.0 -- 21.6 20.0
$500 Million - $1 Billion 7 $107.1 -- $104.0 -- 4 -- -- -- -- 2 -- -- 7 $117.3 -- $105.0 -- 14.7 14.0
$1 - $5 Billion 23 $122.8 $94.0 $130.0 $145.0 16 $22.5 $13.8 $20.0 $30.0 13 26.0% 15.0% 23 $138.5 $104.0 $145.0 $166.5 16.8 19.0
$5 - $10 Billion 6 $119.7 -- $110.5 -- 4 -- -- -- -- 4 -- -- 6 $134.8 -- $125.5 -- 16.5 17.0
Greater than $10 Billion 13 $124.7 $97.0 $118.0 $138.0 9 $40.7 -- $25.0 -- 4 -- -- 13 $152.9 $106.0 $140.0 $175.5 20.2 18.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 16 $107.7 $94.5 $103.3 $119.0 10 $17.8 $7.5 $13.5 $25.0 5 20.0% 15.0% 16 $118.8 $100.5 $108.0 $134.0 20.1 20.0
Bachelors 38 $120.0 $97.0 $114.0 $140.9 22 $28.2 $15.0 $20.0 $30.0 16 23.0% 20.0% 38 $136.3 $104.0 $126.5 $150.0 18.3 17.5
MA/MS 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
MBA 10 $131.6 $117.0 $134.0 $140.6 7 $31.6 -- $30.6 -- 5 23.0% 20.0% 10 $153.7 $117.0 $157.3 $179.0 13.8 16.0
JD 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 16 $109.2 $89.5 $95.0 $135.5 12 $16.9 $5.0 $10.5 $25.0 5 19.0% 20.0% 16 $121.9 $89.5 $110.5 $136.3 12.4 12.0
1 or Fewer 16 $123.0 $100.5 $122.5 $135.0 11 $29.1 $15.0 $20.0 $23.0 7 27.0% 15.0% 16 $143.0 $111.3 $138.8 $149.8 19.9 20.0
From 1 to 3 17 $118.0 $98.0 $106.1 $140.9 9 $26.0 -- $18.0 -- 8 21.0% 18.0% 17 $131.8 $98.0 $121.5 $167.0 18.3 20.0
From 3 to 5 10 $112.9 $99.0 $106.6 $125.0 5 $19.7 -- $20.0 -- 4 -- -- 10 $122.8 $101.0 $114.1 $140.0 22.3 21.5
More than 5 16 $127.2 $103.3 $115.0 $147.5 5 $40.3 -- $42.0 -- 4 -- -- 16 $139.8 $103.3 $126.0 $177.3 17.7 19.5
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 7 Canadian Data
2013 Risk Management Compensation Survey
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Province Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
AB 17 $120.6 $101.0 $111.5 $145.0 10 $26.1 $7.5 $19.0 $45.0 6 22.0% 20.0% 17 $135.9 $107.5 $115.0 $157.0 15.7 12.0
BC 8 $105.2 -- $101.6 -- 3 -- -- -- -- 2 -- -- 8 $111.2 -- $105.0 -- 18.6 16.5
ON 33 $122.5 $99.0 $120.0 $138.0 20 $27.4 $6.5 $18.3 $33.8 11 21.0% 20.0% 33 $139.1 $104.0 $125.0 $166.5 18.5 19.0
QC 9 $133.0 -- $130.0 -- 9 $22.2 -- $20.0 -- 7 27.0% 15.0% 9 $155.2 -- $150.0 -- 19.2 20.0
Respondent Characteristics
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 8 Canadian Data
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 46 $100.3 $83.5 $94.0 $117.0 22 $12.7 $8.9 $10.8 $15.0 21 14.0% 15.0% 46 $106.4 $85.0 $97.1 $122.0 10.7 9.5
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 14 $114.7 $88.0 $113.8 $135.0 13 $14.4 $9.5 $11.0 $15.0 12 15.0% 15.0% 14 $128.0 $96.5 $124.3 $162.0 8.0 7.5
Private 8 $87.1 -- $83.3 -- 4 -- -- -- -- 4 -- -- 8 $93.8 -- $87.5 -- 10.5 10.0
Government 17 $97.7 $82.0 $95.0 $117.0 3 -- -- -- -- 4 -- -- 17 $99.2 $82.0 $96.5 $118.0 12.4 7.0
Not-for-Profit 5 $93.5 -- $93.0 -- 1 -- -- -- -- 1 -- -- 5 $93.8 -- $93.0 -- 13.8 10.0
Other 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 3 -- -- -- -- 1 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
$100 - $250 Million 6 $102.5 -- $101.9 -- 2 -- -- -- -- 2 -- -- 6 $104.1 -- $101.9 -- 9.1 8.5
$250 - $500 Million 5 $102.0 -- $107.5 -- 1 -- -- -- -- 0 -- -- 5 $104.2 -- $107.5 -- 14.6 10.0
$500 Million - $1 Billion 5 $101.0 -- $83.0 -- 3 -- -- -- -- 3 -- -- 5 $113.2 -- $103.0 -- 10.6 10.0
$1 - $5 Billion 10 $116.8 $88.0 $113.8 $156.0 9 $14.0 -- $10.0 -- 7 15.0% 15.0% 10 $129.4 $97.8 $120.0 $166.0 9.7 7.8
$5 - $10 Billion 4 -- -- -- -- 2 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
Greater than $10 Billion 4 -- -- -- -- 2 -- -- -- -- 3 -- -- 4 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 10 $107.7 $75.0 $90.0 $156.0 5 $20.2 -- $15.0 -- 5 18.0% 20.0% 10 $117.8 $83.5 $97.5 $166.0 15.8 14.0
Bachelors 23 $95.9 $84.0 $90.0 $110.0 13 $10.6 $8.9 $10.0 $11.5 10 14.0% 14.0% 23 $101.9 $87.3 $96.5 $121.0 10.4 10.0
MA/MS 2 -- -- -- -- 0 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
MBA 5 $103.2 -- $100.0 -- 3 -- -- -- -- 4 -- -- 5 $109.5 -- $100.0 -- 4.6 5.0
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 17 $88.7 $80.0 $86.0 $93.0 8 $10.1 -- $10.8 -- 8 15.0% 15.0% 17 $93.5 $84.0 $90.5 $96.5 10.3 8.5
1 or Fewer 14 $105.9 $83.5 $102.5 $119.0 10 $12.0 $8.0 $10.5 $15.0 9 14.0% 13.0% 14 $114.5 $95.0 $107.3 $130.0 9.2 10.0
From 1 to 3 7 $106.1 -- $103.8 -- 1 -- -- -- -- 2 -- -- 7 $107.5 -- $103.8 -- 19.0 15.0
From 3 to 5 3 -- -- -- -- 1 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
More than 5 5 $101.5 -- $100.0 -- 2 -- -- -- -- 1 -- -- 5 $108.9 -- $105.0 -- 7.0 5.0
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 9 Canadian Data
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Government 10 $90.5 $75.0 $86.0 $103.8 0 -- -- -- -- 0 -- -- 10 $90.5 $75.0 $86.0 $103.8 14.1 7.5
Utilities 7 $122.4 -- $118.0 -- 5 $10.7 -- $10.0 -- 4 -- -- 7 $130.0 -- $122.0 -- 12.6 12.0
Other 5 $111.8 -- $100.0 -- 4 -- -- -- -- 3 -- -- 5 $123.5 -- $105.0 -- 7.2 5.0
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Province Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
AB 11 $120.6 $107.5 $119.0 $135.0 8 $13.5 -- $11.0 -- 6 15.0% 15.0% 11 $130.5 $107.5 $130.0 $135.0 7.3 8.5
BC 5 $85.3 -- $87.3 -- 0 -- -- -- -- 1 -- -- 5 $85.3 -- $87.3 -- 6.0 6.0
ON 17 $92.8 $82.0 $85.0 $95.0 10 $12.0 $5.5 $10.3 $15.0 9 15.0% 15.0% 17 $99.9 $84.0 $93.0 $103.8 11.4 10.0
Respondent Characteristics
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 10 Canadian Data
2013 Risk Management Compensation Survey
See pages 9 though 14 in Section I of this report for a detailed job description of all positions.
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 11 Canadian Data
2013 Risk Management Compensation Survey
See pages 9 though 14 in Section I of this report for a detailed job description of all positions.
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 12 Canadian Data
2013 Risk Management Compensation Survey
Claims Manager
Mitigates an organizations exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to
ensure the proper and efficient handling of claims, gathering data on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as
salvage, subrogation and rehabilitation.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 12 $84.3 $72.5 $82.5 $95.0 4 -- -- -- -- 0 -- -- 12 $87.5 $73.0 $89.5 $95.0 12.3 10.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
Private 3 -- -- -- -- 2 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
Government 5 $73.1 -- $80.0 -- 2 -- -- -- -- 0 -- -- 5 $75.9 -- $80.0 -- 16.4 17.0
Not-for-Profit 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$100 - $250 Million 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
$250 - $500 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$500 Million - $1 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$1 - $5 Billion 1 -- -- -- -- 1 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$5 - $10 Billion 2 -- -- -- -- 2 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 4 -- -- -- -- 2 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
Bachelors 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 6 $74.0 -- $72.5 -- 3 -- -- -- -- 0 -- -- 6 $78.8 -- $76.5 -- 12.1 7.5
1 or Fewer 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
From 1 to 3 3 -- -- -- -- 0 -- -- -- -- 0 -- -- 3 -- -- -- -- -- --
From 3 to 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 13 Canadian Data
2013 Risk Management Compensation Survey
Claims Manager
Mitigates an organizations exposure to risk by formulating, developing, and coordinating all claims-related activities, as well as resolving bona fide claims at the least possible cost through various risk transfer techniques. Directs a program to
Cash Compensation
ensure (All dollar
the proper and efficient amounts
handling are gathering
of claims, displayeddata
in CAD $000s)
on claims for both record keeping and loss forecasting purposes, and estimating the financial value of claims. Is also responsible for post loss reduction techniques such as
salvage, subrogation and rehabilitation.
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Province Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Respondent Characteristics
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 14 Canadian Data
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 15 Canadian Data
2013 Risk Management Compensation Survey
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 16 Canadian Data
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 32 $84.6 $70.0 $78.0 $97.5 14 $12.0 $3.9 $8.8 $19.0 10 12.0% 12.0% 32 $89.9 $72.5 $78.5 $99.9 6.6 4.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 12 $94.4 $72.5 $81.5 $116.7 8 $15.3 -- $11.2 -- 6 15.0% 14.0% 12 $104.6 $74.0 $87.7 $143.5 5.0 3.5
Private 4 -- -- -- -- 3 -- -- -- -- 2 -- -- 4 -- -- -- -- -- --
Government 10 $78.0 $72.0 $79.1 $95.0 1 -- -- -- -- 0 -- -- 10 $78.5 $72.0 $79.1 $95.0 8.7 4.5
Not-for-Profit 5 $71.0 -- $70.0 -- 2 -- -- -- -- 2 -- -- 5 $71.9 -- $70.0 -- 9.3 10.0
Other 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
$100 - $250 Million 4 -- -- -- -- 0 -- -- -- -- 0 -- -- 4 -- -- -- -- -- --
$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$500 Million - $1 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$1 - $5 Billion 7 $88.3 -- $81.3 -- 5 $12.6 -- $10.0 -- 4 -- -- 7 $97.2 -- $81.3 -- 2.7 2.5
$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Greater than $10 Billion 7 $94.6 -- $82.9 -- 5 $10.4 -- $10.0 -- 3 -- -- 7 $102.0 -- $95.3 -- 9.9 5.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 5 $79.1 -- $77.0 -- 1 -- -- -- -- 0 -- -- 5 $79.9 -- $77.0 -- 8.4 3.0
Bachelors 14 $73.1 $62.0 $74.5 $80.0 8 $8.7 -- $6.9 -- 6 9.0% 8.0% 14 $78.0 $68.2 $75.0 $80.0 5.3 4.5
MA/MS 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
MBA 3 -- -- -- -- 2 -- -- -- -- 2 -- -- 3 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 26 $82.3 $70.0 $77.0 $95.0 10 $7.3 $3.0 $5.3 $10.0 7 9.0% 5.0% 26 $85.1 $72.0 $78.5 $97.0 6.8 4.0
1 or Fewer 5 $89.6 -- $77.0 -- 3 -- -- -- -- 2 -- -- 5 $103.5 -- $77.0 -- 7.1 4.0
From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 17 Canadian Data
2013 Risk Management Compensation Survey
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Energy 6 $109.5 -- $106.4 -- 6 $16.4 -- $11.2 -- 4 -- -- 6 $125.9 -- $127.8 -- 5.2 4.5
Government 7 $78.1 -- $77.0 -- 0 -- -- -- -- 0 -- -- 7 $78.1 -- $77.0 -- 8.4 5.0
Insurance 5 $78.2 -- $74.0 -- 2 -- -- -- -- 2 -- -- 5 $79.6 -- $77.9 -- 2.7 2.0
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Province Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
AB 8 $104.6 -- $95.4 -- 6 $16.4 -- $11.2 -- 4 -- -- 8 $116.9 -- $100.4 -- 4.8 4.5
BC 6 $90.0 -- $88.1 -- 1 -- -- -- -- 1 -- -- 6 $94.2 -- $88.1 -- 5.8 4.5
ON 11 $70.2 $64.0 $70.0 $79.0 5 $3.8 -- $3.0 -- 4 -- -- 11 $71.9 $64.0 $75.0 $79.0 6.8 4.0
Respondent Characteristics
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 18 Canadian Data
2013 Risk Management Compensation Survey
Supports organizational compliance with risk policies through regular risk exposure monitoring and reporting. Responsible for documenting and reporting risk policy exceptions to risk committee.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 31 $76.3 $66.0 $73.5 $82.5 13 $7.1 $5.0 $5.5 $7.8 10 9.0% 10.0% 31 $79.3 $70.0 $75.0 $87.5 6.8 5.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 9 $79.2 -- $77.5 -- 8 $7.4 -- $7.0 -- 6 10.0% 10.0% 9 $85.7 -- $84.6 -- 5.3 3.0
Private 6 $73.7 -- $70.9 -- 5 $6.6 -- $5.0 -- 4 -- -- 6 $79.2 -- $74.1 -- 5.7 5.5
Government 12 $77.7 $71.0 $75.0 $88.0 0 -- -- -- -- 0 -- -- 12 $77.7 $71.0 $75.0 $88.0 7.8 7.5
Not-for-Profit 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
Other 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 5 $70.3 -- $71.0 -- 2 -- -- -- -- 2 -- -- 5 $72.3 -- $76.0 -- 8.3 8.0
$100 - $250 Million 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$500 Million - $1 Billion 7 $70.6 -- $70.0 -- 3 -- -- -- -- 3 -- -- 7 $72.3 -- $72.2 -- 7.7 5.0
$1 - $5 Billion 9 $83.2 -- $78.0 -- 5 $8.1 -- $7.0 -- 2 -- -- 9 $87.6 -- $82.5 -- 6.5 3.0
$5 - $10 Billion 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
Greater than $10 Billion 1 -- -- -- -- 1 -- -- -- -- 1 -- -- 1 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 4 -- -- -- -- 1 -- -- -- -- 1 -- -- 4 -- -- -- -- -- --
Bachelors 11 $70.3 $60.0 $73.0 $77.7 4 -- -- -- -- 3 -- -- 11 $72.5 $65.0 $73.0 $84.6 4.3 3.5
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 2 -- -- -- -- 1 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 25 $75.0 $65.6 $73.0 $77.7 10 $7.2 $4.5 $6.0 $7.8 8 9.0% 8.0% 25 $77.8 $68.2 $74.0 $84.6 6.9 5.0
1 or Fewer 3 -- -- -- -- 2 -- -- -- -- 1 -- -- 3 -- -- -- -- -- --
From 1 to 3 2 -- -- -- -- 1 -- -- -- -- 1 -- -- 2 -- -- -- -- -- --
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 19 Canadian Data
2013 Risk Management Compensation Survey
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Province Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
AB 10 $81.2 $71.0 $76.3 $78.0 6 $8.0 -- $7.4 -- 4 -- -- 10 $86.0 $75.0 $80.9 $90.6 7.9 5.5
ON 9 $75.8 -- $73.5 -- 4 -- -- -- -- 4 -- -- 9 $77.6 -- $78.0 -- 9.4 8.0
Respondent Characteristics
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 20 Canadian Data
2013 Risk Management Compensation Survey
Claims Analyst
Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares
required reports. Assists in claims cost control. Performs the design, analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in
support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome
management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
All Respondents 7 $60.4 -- $59.5 -- 0 -- -- -- -- 0 -- -- 7 $60.4 -- $59.5 -- 7.9 10.0
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Ownership Type Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Publicly Traded 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Private 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Government 7 $60.4 -- $59.5 -- 0 -- -- -- -- 0 -- -- 7 $60.4 -- $59.5 -- 7.9 10.0
Not-for-Profit 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Other 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Revenue Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Less than $100 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$100 - $250 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$250 - $500 Million 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$500 Million - $1 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
$1 - $5 Billion 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
$5 - $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Greater than $10 Billion 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Degree Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
High School/Associate Degree 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Bachelors 2 -- -- -- -- 0 -- -- -- -- 0 -- -- 2 -- -- -- -- -- --
MA/MS 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
MBA 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
JD 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
Ph.D 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Supervisory Responsibility Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
No 6 $60.6 -- $61.5 -- 0 -- -- -- -- 0 -- -- 6 $60.6 -- $61.5 -- 7.7 10.0
1 or Fewer 1 -- -- -- -- 0 -- -- -- -- 0 -- -- 1 -- -- -- -- -- --
From 1 to 3 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
From 3 to 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
More than 5 0 -- -- -- -- 0 -- -- -- -- 0 -- -- 0 -- -- -- -- -- --
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 21 Canadian Data
2013 Risk Management Compensation Survey
Claims Analyst
Reviews first and third party claims for irregularities, accuracy and completeness. Requests additional information, where necessary, for completion of claim processing. Reviews claims for eligibility. Maintains updated records and prepares
Cash Compensation
required reports. Assists(All dollarcost
in claims amounts
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Performs in CAD
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analysis and delivery of claim information. Contacts individuals about claims and coordinates the handling of benefits. This role focuses on operational effectiveness in
support of claims management strategies. Understands and performs domestic and/or international claim programs, policies, and procedures for: reporting, investigation, and analysis; litigation management; resolution/outcome
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
management; and the delivery of claim information. Handles mostly routine non-complex claims but, may handle litigated and moderately complex claims with limited settlement authority.
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Industry Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Scope Base Salary Bonus Amount Target Bonus Total Cash Compensation Yrs. In Risk Mgmt
# of 50th pct # of 50th pct 50th pct # of 50th pct 50th pct
Province Resp. Average 25th pct (median) 75th pct Resp. Average 25th pct (median) 75th pct # of Resp. Average (median) Resp. Average 25th pct (median) 75th pct Average (median)
Respondent Characteristics
2013 Risk and Insurance Management Society, Inc. (RIMS) IX - 22 Canadian Data